Tennessee § 43-38-115 - Unclaimed property.
Full text of Tennessee Tennessee Code Annotated § 43-38-115 — Unclaimed property., with citation guidance and answers to common questions.
§ 43-38-115. Unclaimed property.
A cooperative may, in lieu of paying or delivering to the state the unclaimed property specified in its report of unclaimed property, distribute the unclaimed property to a corporation or organization that is exempt from taxation. A cooperative making the election to distribute unclaimed property shall file with the secretary of state: A verified written explanation of the proof of claim of an owner establishing a right to receive the abandoned property; Any error in the presumption of abandonment; The name, address, and exemption number of the corporation or organization to which the property was or is to be distributed; and The approximate date of distribution. This section does not alter the procedure provided by law for cooperatives to report unclaimed property to the state and the requirement that claims of owners are made to the cooperatives for a period following the publication of lists of abandoned property. The right of an owner to unclaimed property held by a cooperative is extinguished when the property is disbursed by the cooperative to a tax-exempt organization in accordance with this section. Acts 2004, ch. 534, § 12.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 43-38-115
What does Tennessee Code Annotated § 43-38-115 cover?
Section 43-38-115 ("Unclaimed property.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 43-38-115?
A common citation format is "Tennessee Code Annotated § 43-38-115" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 43-38-115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.