§ 62A.4A-503. 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.
[1991 sp.s. c 21 § 4A-503.]
Sections: Previous 62A.4A-304 62A.4A-305 62A.4A-401 62A.4A-402 62A.4A-403 62A.4A-404 62A.4A-405 62A.4A-406 62A.4A-501 62A.4A-502 62A.4A-503 62A.4A-504 62A.4A-505 62A.4A-506 62A.4A-507 NextLast modified: April 7, 2009