Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 84-4a-503 - Injunction or restraining order with respect to funds transferFor 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.L. 1990, ch. 367, § 34; 1/1/1991.