There is a newer version of the Tennessee Code
2014 Tennessee Code
Title 47 - Commercial Instruments And Transactions
Chapter 4A - Funds Transfers
Part 4 - Payment
§ 47-4A-401 - Payment date.
TN Code § 47-4A-401 (2014) What's This?
"Payment date" of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary's bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary's bank and, unless otherwise determined, is the day the order is received by the beneficiary's bank.
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