1700-02-01-.04
Securities
Cite as Tenn. Comp. R. & Regs. 1700-02-01-.04
(1)
The Treasurer shall provide written instructions to the Holder for the remittance of a
particular Security.
(2)
All Securities remitted to the Treasurer shall include all dividends, interest, warrants or other
rights, or associated cash payable by check or electronically as prescribed by the Treasurer.
(3)
Holders shall deliver Securities in such form that future earnings from those Securities will be
delivered in the form of cash rather than an increase in the number of shares.
(4)
Holders shall deliver Securities to the Treasurer in such form that will empower the
Treasurer to sell or otherwise negotiate the Securities at any time to the extent necessary to
effectuate the purposes of the Act.
(5)
Due to the short time period within which Securities are held under the Act prior to their sale,
the Treasurer shall not vote proxies received in connection with Securities delivered to the
Unclaimed Property Division.