Tennessee § 66-29-142 - Disposal of securities.
Full text of Tennessee Tennessee Code Annotated § 66-29-142 — Disposal of securities., with citation guidance and answers to common questions.
§ 66-29-142. Disposal of securities.
The treasurer shall sell or otherwise liquidate a security no sooner than thirty-two (32) months, but no later than thirty-six (36) months, after receiving the security and giving the apparent owner notice under § 66-29-130(b)(1) and (2) that the treasurer holds the security. The treasurer shall not sell a security listed on an established stock exchange for less than the prevailing price on the exchange at the time of sale. The treasurer may sell a security not listed on an established exchange by any commercially reasonable method. Acts 2017, ch. 457, § 1; 2020, ch. 718, § 1. Amendments. The 2020 amendment, in (a), substituted “thirty-two (32) months” for “eight (8) months” and “thirty-six (36) months” for “one (1) year”. Effective Dates. Acts 2017, ch. 457, § 7. July 1, 2017; provided that, for purposes of promulgating rules, the act took effect May 25, 2017. Acts 2020, ch. 718, § 3. June 22, 2020.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 66-29-142
What does Tennessee Code Annotated § 66-29-142 cover?
Section 66-29-142 ("Disposal of securities.") 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 § 66-29-142?
A common citation format is "Tennessee Code Annotated § 66-29-142" (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 § 66-29-142 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.