Section 4-A-503. Injunction or Restraining Order With Respect to Funds Transfer

Latest version.

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.

                    
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