SB316 — Forfeiture of Assets - As introduced, establishes a new procedure for the seizure and forfeiture of assets as the result of criminal activity; requires conviction for the underlying criminal conviction before forfeiture can occur; requires clear and convincing evidence that the property is subject to forfeiture; and provides that all forfeited or abandoned money be deposited in state general fund and all property forfeitures be sold and the proceeds go into state general fund. - Amends TCA Title 39; Title 40; Title 53 and Title 55.

SB316 — Forfeiture of Assets - As introduced, establishes a new procedure for the seizure and forfeiture of assets as the result of criminal activity; requires conviction for the underlying criminal conviction before forfeiture can occur; requires clear and convincing evidence that the property is subject to forfeiture; and provides that all forfeited or abandoned money be deposited in state general fund and all property forfeitures be sold and the proceeds go into state general fund. - Amends TCA Title 39; Title 40; Title 53 and Title 55. · Informed CitizenrySB316 establishes the 'Asset Forfeiture and Disposition of Seized Property Act,' which creates a uniform procedure for the seizure and forfeiture of property resulting from criminal activity. The b…Open in Informed Citizenry