TCA § 9-4-102 — Default

“Default” may include, but is not limited to: The failure of any state depository to return any state deposit, including earned interest, in accordance with the terms of the deposit contract; The failure of any state depository to pay any check, draft or warrant drawn by the state treasurer; The failure of any state depository to honor any request for electronic transfer of funds to the state; The failure of any state depository to account for any check, draft, warrant, order, deposit certificate or money entrusted to it by the state; 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; The appointment of a receiver for a state depository; or Any other action which the state treasurer determines to place state deposits in jeopardy.