Tennessee § 45-3-504 - Prohibited transactions.
Full text of Tennessee Tennessee Code Annotated § 45-3-504 — Prohibited transactions., with citation guidance and answers to common questions.
§ 45-3-504. Prohibited transactions.
Any other provision of the law to the contrary notwithstanding, no association shall have the authority to receive demand deposit accounts or offer checking accounts, negotiable orders of withdrawal, or share accounts until federal associations in Tennessee are authorized to do so by federal law or regulation. Acts 1978, ch. 708, § 2.04; T.C.A., § 45-1404. Compiler's Notes. For repeal of the former section, see Compiler's Notes to § 45-3-501 .
Frequently Asked Questions About Tennessee § 45-3-504
What does Tennessee Code Annotated § 45-3-504 cover?
Section 45-3-504 ("Prohibited transactions.") 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 § 45-3-504?
A common citation format is "Tennessee Code Annotated § 45-3-504" (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 § 45-3-504 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.