Tennessee § 31-6-104 Escheat of tangible personal property subject to administration in this state

Tennessee Statutes

§ 31-6-104 — Escheat of tangible personal property subject to administration in this state

(a)Subject to subsection (b), all tangible personal property owned by a decedent that is subject to the control of a court of this state for the purposes of administration escheats to this state in accordance with § 31-6-101 .

(b)Property that otherwise falls within subsection (a) does not escheat to this state but goes to another jurisdiction if the other jurisdiction claims the property and establishes that:

(1)The other jurisdiction is entitled to the property under its laws;

(2)The decedent customarily kept the property in that jurisdiction prior to the decedent's death; and (3) This state has the right to escheat and take tangible personal property being administered as part of a decedent's estate in the other jurisdiction if the decedent customarily kept the property in this stat

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Subject to subsection (b), all tangible personal property owned by a decedent that is subject to the control of a court of this state for the purposes of administration escheats to this state in accordance with § 31-6-101 . (b) Property that otherwise falls within subsection (a) does not escheat to this state but goes to another jurisdiction if the other jurisdiction claims the property and establishes that: (1) The other jurisdiction is entitled to the property under its laws; (2) The decedent customarily kept the property in that jurisdiction prior to the decedent's death; and (3) This state has the right to escheat and take tangible personal property being administered as part of a decedent's estate in the other jurisdiction if the decedent customarily kept the property in this state prior to the decendent's death.

Tennessee § 31-6-104 (Escheat of tangible personal property subject to administration in this state) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.