Forfeiture of Assets in a policy that allows the police to seize assets upon a mere suspicion that one has assets that may be involved in criminal activity. One has to prove he is innocent of using the assets for criminal activity to get them returned. The idea behind this concept is that if one in found in procession of large sums of cash, one may be involved in drug dealing or other criminal activity. Sometimes if can take years to get one's confiscated assets returned. It should not be crime to carry cash. The following is from The Tennessee Eagle Forum newsletter.
FORFEITURE OF ASSETS:
SB 0316 by *Gardenhire,(HB 0421) by *Daniel
Forfeiture of Assets - As introduced, establishes a new procedure for the seizure and forfeiture of assets as the result of criminal activity; requires conviction for the underlying criminal conviction before forfeiture can occur; requires clear and convincing evidence that the property is subject to forfeiture; and provides that all forfeited or abandoned money be deposited in state general fund and all property forfeitures be sold and the proceeds go into state general fund.
NOTE: This is a very important bill and we have seen serious situations here in Middle TN. This article from the Beacon Center explains the details:
Tennessee’s civil asset forfeiture system: Unfair and broken
STATUS: HB 421 will be in Civil Justice Subcommittee for March 1.
ACTION: You will want to encourage the members of this committee to vote for this proposal.