(1) For proper cause and in compliance with applicable law, a court may restrain:
(a) A person from issuing a payment order to initiate a funds transfer;
(b) An originator’s bank from executing the payment order of the originator; or
(c) The beneficiary’s bank from releasing funds to the beneficiary or the beneficiary from withdrawing the funds.
(2) 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. [1991 c.442 §34]
Section: Previous 74A.3040 74A.3050 74A.4010 74A.4020 74A.4030 74A.4040 74A.4050 74A.4060 74A.5010 74A.5020 74A.5030 74A.5040 74A.5050 74A.5060 74A.5070 NextLast modified: August 7, 2008