SB1618 amends Tennessee law regarding financial records and subpoenas, clarifying delivery methods and retention requirements.
SB1618 amends Tennessee Code Annotated, Title 45, Chapter 10, to modify procedures for financial records and subpoenas. It exempts financial institutions from confirming service of a subpoena if they reasonably believe a customer is deceased. The bill specifies that records must be delivered to the issuer as per the subpoena or, if unspecified, by agreed methods between the issuer and custodian, including electronic submission. If no agreement is reached, records can be delivered by physical mail or delivery service.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.