[Previous] [Next]
§12A-4A-503.
§12A-4A-503.
INJUNCTION OR RESTRAINING ORDER WITH RESPECT TO FUNDS TRANSFER
For proper cause and in compliance with applicable law, a court may
restrain (i) a person from issuing a payment order to initiate a funds
transfer, (ii) an originator's bank from executing the payment order
of the originator, or (iii) the beneficiary's bank from releasing
funds to the beneficiary or the beneficiary from withdrawing the
funds. A court may not otherwise restrain a person from issuing a
payment order, paying or receiving payment of a payment order, or
otherwise acting with respect to a funds transfer.
[Previous] [Next]