Tennessee § 66-29-132 Good faith payment or delivery of property by holder

Tennessee Statutes

§ 66-29-132 — Good faith payment or delivery of property by holder

Tennessee § 66-29-132

Title66

This text of Tennessee § 66-29-132 (Good faith payment or delivery of property by holder) 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. § 66-29-132 (2026).

Text

Under this part, payment or delivery of property is made in good faith if a holder:

(1)Had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the treasurer under this part; or (2) Made payment or delivery:

(A)In response to a demand by the treasurer or treasurer's agent; or (B) Pursuant to guidance or a ruling issued by the treasurer that the holder reasonably believed required or permitted the property to be paid or delivered.

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

Under this part, payment or delivery of property is made in good faith if a holder: (1) Had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the treasurer under this part; or (2) Made payment or delivery: (A) In response to a demand by the treasurer or treasurer's agent; or (B) Pursuant to guidance or a ruling issued by the treasurer that the holder reasonably believed required or permitted the property to be paid or delivered.

Legislative History

Amended by 2017 Tenn. Acts, ch. 457,s 1, eff. 7/1/2017. Acts 1978, ch. 561, § 31; 1980, ch. 606, §§ 1, 3; T.C.A., §§ 64-2931, 66-29-131; Acts 2010, ch. 756, § 1.