Amends TCA Title 4; Title 5; Title 6; Title 7; Title 12; Title 13; Title 29; Title 54; Title 55; Title 59; Title 60; Title 66 and Title 68.
Tennessee SB2588 amends existing law to extend the time frame for a clerk and master to send a certified mail notice regarding a complaint of abandoned mineral interest from 10 days to 10 business days. This bill affects mineral interest owners by providing them additional time to receive notification about their interests potentially lapsing. A key provision of the bill is the requirement for the notice to inform the owner that their mineral interest will lapse 60 days after the complaint is published weekly for three consecutive weeks in a local newspaper.
Tennessee SB2588 amends existing law to extend the time frame for a clerk and master to send a certified mail notice regarding a complaint of abandoned mineral interest from 10 days to 10 business days. This bill affects mineral interest owners by providing them additional time to receive notification about their interests potentially lapsing. A key provision of the bill is the requirement for the notice to inform the owner that their mineral interest will lapse 60 days after the complaint is published weekly for three consecutive weeks in a local newspaper.
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