Tennessee § 56-3-503 - Gains and losses credited to or charged against allocation.
Full text of Tennessee Tennessee Code Annotated § 56-3-503 — Gains and losses credited to or charged against allocation., with citation guidance and answers to common questions.
§ 56-3-503. Gains and losses credited to or charged against allocation.
The income, if any, and gains and losses, realized or unrealized, on each account shall be credited to or charged against the amounts allocated to the account in accordance with the agreement, without regard to other income, gains or losses of the company. Acts 1967, ch. 353, § 3; T.C.A., §§ 56-260, 56-314.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 56-3-503
What does Tennessee Code Annotated § 56-3-503 cover?
Section 56-3-503 ("Gains and losses credited to or charged against allocation.") 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 § 56-3-503?
A common citation format is "Tennessee Code Annotated § 56-3-503" (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 § 56-3-503 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.