Section 45.14.503. Injunction or restraining order with respect to funds transfer.

Latest version.

   (a) 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.
   (b) Except as provided in (a) of this section, 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.

Notes

History

(Sec. 12 ch 34 SLA 1993)

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');