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Holder Information (Tennessee Unclaimed Property)
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Tennessee Unclaimed Property Holder Information
Begin by November 1. If you issue securities you will want to start due diligence earlier to allow for transfer of the unclaimed securities timely in conjunction with your report.
Review the NAUPA property types.
Review your general ledger, accounting, payroll, vendor payment, refunds, deferred revenue, royalties, cash discounts, gift certificates, refunds, deposits, collateral systems and bank accounts for outstanding unpaid items as well as amounts owed to others.
Work with your shareholder services section, benefit managers, transfer and paying agents to identify unpaid matured bonds, dividends and undelivered shares.
Report all security related unclaimed property as well as general ledger amounts owed to missing owners.
Download the reporting package for Tennessee. Read the instructions, check list, and forms. Identify potential unclaimed property.
Mail your due diligence letters to arrive at the owner's last address no later than March 1 for a May 1 report. Return funds and property to missing owners found through your due diligence efforts.
Report and remit the outstanding items. CFO signs all verification and affidavit letters for positive or negative reports.
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Added: Sun Jun 18 2006
Last Modified: Mon Jul 10 2006
