SB1634 — Unclaimed Property - As enacted, increases from “eight months to a year” to “32 to 36 months” the time within which the treasurer must sell a security after receiving it; extends from “eight months” to “32 months” the minimum time period during which the treasurer is required to hold a security prior to selling it and paying the sale proceeds to the owner, upon the owner's request. - Amends TCA Section 66-29-142 and Section 66-29-154.

SB1634 — Unclaimed Property - As enacted, increases from “eight months to a year” to “32 to 36 months” the time within which the treasurer must sell a security after receiving it; extends from “eight months” to “32 months” the minimum time period during which the treasurer is required to hold a security prior to selling it and paying the sale proceeds to the owner, upon the owner's request. - Amends TCA Section 66-29-142 and Section 66-29-154. · Informed CitizenrySB1634 amends Tennessee Code Annotated Sections 66-29-142 and 66-29-154 to change the timeframe for selling unclaimed securities. The bill requires the treasurer to sell or liquidate a security bet…Open in Informed Citizenry