Abandoned Property Dormancy Periods in Tennessee
Business Finance
| Property Type |
Presumed Abandoned After |
| Bank account |
five years |
| Checks or drafts |
five years |
| Demutualization proceeds |
three years |
| Gift certificates, gift cards, and credit memos |
Gift certificates: the earlier of the certificate's expiration date or two years from the date issued.
Gift certificates issued after 1998 that have no expiration date are exempt from state reporting requirements if the issuer does not impose dormancy charges.
A retail layaway account is not subject to the abandoned property rules.
|
| Insurance policies |
Life or annuity policies: five years. |
| IRAs or retirement funds |
no specific provision |
| Money orders |
seven years |
| Other intangible personal property not otherwise specified |
five years |
| Proceeds from class action suits |
no specific provision |
| Property distributable by a business association in the course of dissolution |
the date of dissolution |
| Property held by courts or public agencies |
Property held by courts, public officers, agencies and the federal government: one year. |
| Property held by fiduciaries |
five years |
| Safe deposit boxes |
two years |
| Shares in a financial institution |
five years |
| Stocks, dividends, and distributions |
three years |
| Traveler's checks |
15 years |
| Deposits and advances owed utility company customer |
Deposits, refunds, and advances: two years. |
| Wages or salaries |
|
Related Resources
Abandoned Property Dormancy Periods in Texas
Abandoned Property Dormancy Periods in South Dakota
You can access your saved items inside the Account tab when logged in.