Me. Stat. tit. 11 § 4-1503

Current through 131st (2023-2024) Legislature Chapter 684

Section 4-1503 - Injunction or restraining order with respect to funds transfer

For proper cause and in compliance with applicable law, a court may restrain: [1991, c. 812, §2(NEW).]

(1). A person from issuing a payment order to initiate a funds transfer;

[1991, c. 812, §2(NEW).]

(2). An originator's bank from executing the payment order of the originator; or

[1991, c. 812, §2(NEW).]

(3). The beneficiary's bank from releasing funds to the beneficiary or the beneficiary from withdrawing those funds.

[1991, c. 812, §2(NEW).]

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. 812, §2(NEW).]

11 M.R.S. § 4-1503

1991, c. 812, § 2 (NEW) .