66-29-108 - Property of business associations and banking or financial organizations held in course of dissolution.
66-29-108. Property of business associations and banking or financial organizations held in course of dissolution.
All intangible personal property distributable in the course of a voluntary or involuntary dissolution or liquidation of a business association, banking organization, or financial organization that is unclaimed by the owner after the date for final distribution or liquidation is presumed abandoned.
[Acts 1978, ch. 561, § 7; T.C.A., §§ 64-2907, 66-29-107; Acts 1984, ch. 544, § 4.]