§490:4A-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. [L 1991, c 41, pt of §1]
Section: Previous 490-4a-402 490-4a-403 490-4a-404 490-4a-405 490-4a-406 490-4a-501 490-4a-502 490-4a-503 490-4a-504 490-4a-505 490-4a-506 490-4a-507 490-5-101-to-490-5-117 490-5-102 490-5-103 NextLast modified: October 27, 2016