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.
Tenn. Code Ann. § 9-4-308
Transfer of funds through federal reserve banking system
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.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.