§ 4A—503.
109 words·~1 min read·
/vt/4a-34A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 4A—503. Injunction or restraining order with respect to funds transfer
For proper cause and in compliance with applicable law, a court may restrain
(i)a person from issuing a payment order to initiate a funds transfer,
(ii)an originator’s bank from executing the payment order of the originator, or
(iii)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. (Added 1993, No. 158 (Adj. Sess.), § 14, eff. Jan. 1, 1995.)