Tennessee § 45-4-704 - Transfer of dormant account to regular reserve.
Full text of Tennessee Tennessee Code Annotated § 45-4-704 — Transfer of dormant account to regular reserve., with citation guidance and answers to common questions.
§ 45-4-704. Transfer of dormant account to regular reserve.
A credit union may transfer a dormant account to the regular reserve within thirty (30) days after written notice to the credit union member, at the credit union member's last known address as shown upon the records of the credit union, stating the credit union's intention to make the transfer, and giving the member the opportunity to request the deferral of the action or to withdraw the account prior to the transfer. For the purposes of this section, “dormant account” means an account in an amount less than twenty-five dollars ($25.00) and to which the member has neither made a deposit nor withdrawal for a period of one (1) year preceding the date of the notice provided for herein. Acts 1967, ch. 227, § 7; 1979, ch. 86, § 11; T.C.A., § 45-1833.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 45-4-704
What does Tennessee Code Annotated § 45-4-704 cover?
Section 45-4-704 ("Transfer of dormant account to regular reserve.") 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 § 45-4-704?
A common citation format is "Tennessee Code Annotated § 45-4-704" (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 § 45-4-704 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.