Tennessee § 45-3-401 - Required liquidity.
Full text of Tennessee Tennessee Code Annotated § 45-3-401 — Required liquidity., with citation guidance and answers to common questions.
§ 45-3-401. Required liquidity.
No association shall invest in any security, other than in liquid assets, or in any real estate or other loan at any time when its liquid assets are less than a minimum percentage of its deposit liability, which percentage shall be set by the commissioner. Acts 1978, ch. 708, § 2.22; T.C.A., § 45-1422. Compiler's Notes. For transfer of functions under this chapter from the department of commerce and insurance to the department of financial institutions, see Executive order No. 38 (February 11, 1983). Cross-References. Negotiable instruments, title 47, ch. 3. Textbooks. Tennessee Jurisprudence, 22 Tenn. Juris., Savings and Loan Associations, § 8.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-3-401
What does Tennessee Code Annotated § 45-3-401 cover?
Section 45-3-401 ("Required liquidity.") 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 § 45-3-401?
A common citation format is "Tennessee Code Annotated § 45-3-401" (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 § 45-3-401 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.