Legal Research Home > Florida Lawyer > Commercial Relations > Florida Commercial Relations Code Section 670.503 - Uniform Commercial Code: Funds Transfers - Injunction or restraining order with respect to funds transfer.

Title XXXIX COMMERCIAL RELATIONS

Chapter 670 UNIFORM COMMERCIAL CODE: FUNDS TRANSFERS

670.503 Injunction or restraining order with respect to funds transfer.--For proper cause and in compliance with applicable law, a court may restrain:

(1) A person from issuing a payment order to initiate a funds transfer;

(2) An originator's bank from executing the payment order of the originator; or

(3) 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.

History.--s. 1, ch. 91-70.

Last modified: November 21, 2006