with respect to tender of settlement by cash, a cashier's check, or teller's check, when the cash or check is sent or delivered;
with respect to tender of settlement by credit in an account in a Federal Reserve Bank, when the credit is made;
with respect to tender of settlement by a credit or debit to an account in a bank, when the credit or debit is made or, in the case of tender of settlement by authority to charge an account, when the authority is sent or delivered; or
with respect to tender of settlement by a funds transfer, when payment is made pursuant to § 47-4A-406(a) to the person receiving settlement.
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 4 - Bank Deposits and Collections
Part 2 - Collection of Items — Depositary and Collecting Banks
§ 47-4-203. Effect of Instructions
§ 47-4-205. Depositary Bank Holder of Unendorsed Item
§ 47-4-206. Transfer Between Banks
§ 47-4-211. When Bank Gives Value for Purposes of Holder in Due Course