Tennessee § 66-29-148 Deduction of administrative costs before deposit of funds

Tennessee Statutes

§ 66-29-148 — Deduction of administrative costs before deposit of funds

Before making a deposit of funds received under this part to the general fund of the state, the treasurer may deduct administrative costs, including, but not limited to:

(1)Expenses of custody and disposition of abandoned property;

(2)Costs of mailing, publication, and any other outreach efforts in connection with abandoned property;

(3)Reasonable service charges; and (4) Expenses incurred in examining records of a putative holder of property and collecting property from a putative holder determined by the treasurer to hold property required to be delivered to the treasurer under this part.

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Before making a deposit of funds received under this part to the general fund of the state, the treasurer may deduct administrative costs, including, but not limited to: (1) Expenses of custody and disposition of abandoned property; (2) Costs of mailing, publication, and any other outreach efforts in connection with abandoned property; (3) Reasonable service charges; and (4) Expenses incurred in examining records of a putative holder of property and collecting property from a putative holder determined by the treasurer to hold property required to be delivered to the treasurer under this part.

Tennessee § 66-29-148 (Deduction of administrative costs before deposit of funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.