47-4A503. Injunction or restraining order with respect to funds transfer
For proper cause and in compliance with applicable law, a court may restrain a person from issuing a payment order to initiate a funds transfer, an originator's bank from executing the payment order of the originator or 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.
Section: Previous 47-4a402 47-4a403 47-4a404 47-4a405 47-4a406 47-4a501 47-4a502 47-4a503 47-4a504 47-4a505 47-4a506 47-4a507 47-5101 47-5102 47-5103 NextLast modified: October 13, 2016