13 Pennsylvania Consolidated Statutes § 4a503 - Injunction Or Restraining Order With Respect To Funds Transfer

§ 4A503. 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.

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Last modified: October 8, 2016