Tennessee § 9-4-102 Default

Tennessee Statutes

§ 9-4-102 — Default

Tennessee § 9-4-102

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This text of Tennessee § 9-4-102 (Default) 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. § 9-4-102 (2026).

Text

"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

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"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.