Tennessee § 9-4-308 - Transfer of funds through federal reserve banking system.
Full text of Tennessee Tennessee Code Annotated § 9-4-308 — Transfer of funds through federal reserve banking system., with citation guidance and answers to common questions.
§ 9-4-308. Transfer of funds through federal reserve banking system.
The state treasurer, in the exercise of the state treasurer's official duties, is hereby authorized to enter into agreements with any federal reserve bank as the state treasurer deems necessary or advisable, for the purpose of transferring funds through the facilities of the federal reserve banking system. Such agreements may contain terms and conditions determined by the state treasurer to be advisable, including, but not limited to, provisions relative to indemnification, hold harmless, and choice of law. Acts 1977, ch. 269, § 1; T.C.A., § 9-613; Acts 1980, ch. 446, § 2; T.C.A. § 9-6-115 ; Acts 2020, ch. 755, § 1. Amendments. The 2020 amendment rewrote the section which read: “The state treasurer, in the exercise of such state treasurer's official duties, is hereby authorized to enter into a contract with a federal reserve member bank or trust company located in Tennessee, including the trust company created by chapter 4, part 8 of this title, for the purpose of transferring public funds and funds of the Tennessee consolidated retirement system through the facilities of the federal reserve banking system.” Effective Dates. Acts 2020, ch. 755, § 2. June 22, 2020.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 9-4-308
What does Tennessee Code Annotated § 9-4-308 cover?
Section 9-4-308 ("Transfer of funds through federal reserve banking system.") 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 § 9-4-308?
A common citation format is "Tennessee Code Annotated § 9-4-308" (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 § 9-4-308 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.