Tennessee § 66-29-110 Presumption of abandonment of stored-value card

Tennessee Statutes

§ 66-29-110 — Presumption of abandonment of stored-value card

Tennessee § 66-29-110

Title66

This text of Tennessee § 66-29-110 (Presumption of abandonment of stored-value card) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 66-29-110 (2026).

Text

(a)Except as otherwise provided in § 66-29-113 , a stored-value card other than a payroll card or a gift card is presumed abandoned five (5) years after the later of:

(1)December 31 of the year in which the card is issued or additional funds are deposited into it;

(2)The most recent indication of interest in the card by the apparent owner; or (3) A verification or review of the balance by or on behalf of the apparent owner.

(b)The amount abandoned by the owner in a stored-value card is the net card value at the time it is presumed abandoned.

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(a) Except as otherwise provided in § 66-29-113 , a stored-value card other than a payroll card or a gift card is presumed abandoned five (5) years after the later of: (1) December 31 of the year in which the card is issued or additional funds are deposited into it; (2) The most recent indication of interest in the card by the apparent owner; or (3) A verification or review of the balance by or on behalf of the apparent owner. (b) The amount abandoned by the owner in a stored-value card is the net card value at the time it is presumed abandoned.

Legislative History

Amended by 2017 Tenn. Acts, ch. 457,s 1, eff. 7/1/2017. Acts 1978, ch. 561, § 9; T.C.A., §§ 64-2909, 66-29-109; Acts 1984, ch. 544, § 6; 1986, ch. 539, § 16; 1993, ch. 195, § 7; 1996, ch. 642, § 2.