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.
Effective Date: 10-23-1991
Section: Previous 1304.72 1304.73 1304.74 1304.75 1304.76 1304.77 1304.78 1304.79 1304.80 1304.81 1304.82 1304.83 1304.84 1304.85 NextLast modified: October 10, 2016