Burden of proof to establish treasurer's right to custody

When the treasurer asserts a right to custody of unclaimed property, the treasurer has the burden to prove: (1) The existence and amount of the property; (2) The property is presumed abandoned; and (3) The property is subject to the custody of the treasurer. Amended by 2017 Tenn. Acts, ch. 457,s 1, eff. 7/1/2017. Acts 1980, ch. 448, § 4; T.C.A., § 64-2922; Acts 1987, ch. 43, § 1; 1988, ch. 485, § 1; 2005, ch. 141, § 2. When the treasurer asserts a right to custody of unclaimed property, the treasurer has the burden to prove: (1) The existence and amount of the property; (2) The property is presumed abandoned; and (3) The property is subject to the custody of the treasurer. Amended by 2017 Tenn. Acts, ch. 457,s 1, eff. 7/1/2017. Acts 1980, ch. 448, § 4; T.C.A., § 64-2922; Acts 1987, ch. 43, § 1; 1988, ch. 485, § 1; 2005, ch. 141, § 2.