Tennessee § 45-2-603 - Emergency powers.
Full text of Tennessee Tennessee Code Annotated § 45-2-603 — Emergency powers., with citation guidance and answers to common questions.
§ 45-2-603. Emergency powers.
In the event of an emergency resulting from fire, act of God, attack by a foreign nation, riot, insurrection, civil disorder or any similar disaster, any bank, without regard to any restrictions imposed by this chapter and chapter 1 of this title, may take any action that it deems necessary to preserve its assets and protect the interests of its depositors, shareholders or employees including, but not restricted to, suspending business activity or obtaining the benefit of, or participating in, emergency action authorized by the government of the United States, or the state of Tennessee or its political subdivisions. Acts 1969, ch. 36, § 1 (3.103); T.C.A., § 45-403. Textbooks. Tennessee Jurisprudence, 4 Tenn. Juris., Bailments, § 3.
Frequently Asked Questions About Tennessee § 45-2-603
What does Tennessee Code Annotated § 45-2-603 cover?
Section 45-2-603 ("Emergency powers.") 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 § 45-2-603?
A common citation format is "Tennessee Code Annotated § 45-2-603" (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 § 45-2-603 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.