Tennessee § 9-4-102 Default

Tennessee Statutes

§ 9-4-102 — Default

"Default" may include, but is not limited to:

(1)The failure of any state depository to return any state deposit, including earned interest, in accordance with the terms of the deposit contract;

(2)The failure of any state depository to pay any check, draft or warrant drawn by the state treasurer;

(3)The failure of any state depository to honor any request for electronic transfer of funds to the state;

(4)The failure of any state depository to account for any check, draft, warrant, order, deposit certificate or money entrusted to it by the state;

(5)The issuance of any order of any court or the taking of any formal action by any supervisory authority, which has the effect of restraining a state depository from making payments of deposit liabilities;

(6)The appointment of a receiver f

Free access — add to your briefcase to read the full text and ask questions with AI

"Default" may include, but is not limited to: (1) The failure of any state depository to return any state deposit, including earned interest, in accordance with the terms of the deposit contract; (2) The failure of any state depository to pay any check, draft or warrant drawn by the state treasurer; (3) The failure of any state depository to honor any request for electronic transfer of funds to the state; (4) The failure of any state depository to account for any check, draft, warrant, order, deposit certificate or money entrusted to it by the state; (5) The issuance of any order of any court or the taking of any formal action by any supervisory authority, which has the effect of restraining a state depository from making payments of deposit liabilities; (6) The appointment of a receiver for a state depository; or (7) Any other action which the state treasurer determines to place state deposits in jeopardy.

Tennessee § 9-4-102 (Default) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.