Tennessee § 45-2-504 - Reserves of Federal Reserve Act sufficient.
Full text of Tennessee Tennessee Code Annotated § 45-2-504 — Reserves of Federal Reserve Act sufficient., with citation guidance and answers to common questions.
§ 45-2-504. Reserves of Federal Reserve Act sufficient.
A compliance on the part of a bank with the reserve requirements of the Federal Reserve Act shall be held to be a full compliance with those laws of this state that require banks to maintain reserves, and the bank shall not be required to carry or maintain reserves other than those required under the terms of the Federal Reserve Act. Acts 1969, ch. 36, § 1 (3.323); T.C.A., § 45-304. Compiler's Notes. The Federal Reserve Act, referred to in this section, is compiled in 12 U.S.C.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-2-504
What does Tennessee Code Annotated § 45-2-504 cover?
Section 45-2-504 ("Reserves of Federal Reserve Act sufficient.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 45-2-504?
A common citation format is "Tennessee Code Annotated § 45-2-504" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 45-2-504 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.