Tennessee Statutes

§ 45-2-504 — Reserves of Federal Reserve Act sufficient

Tennessee § 45-2-504

This text of Tennessee § 45-2-504 (Reserves of Federal Reserve Act sufficient) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tenn. Code Ann. § 45-2-504 (2026).

Text

A compliance on the part of a bank with the reserve requirements of the Federal Reserve Act shall be held to be a full compliance with those laws of this state that require banks to maintain reserves, and the bank shall not be required to carry or maintain reserves other than those required under the terms of the Federal Reserve Act.

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Legislative History

Acts 1969, ch. 36, § 1 (3.323); T.C.A., § 45-304.

Nearby Sections

15
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Bluebook (online)
Tennessee § 45-2-504, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/45-2-504.