§4-1503. Injunction or restraining order with respect to funds transfer
For proper cause and in compliance with applicable law, a court may restrain:
[PL 1991, c. 812, §2 (NEW).]
(1).
A person from issuing a payment order to initiate a funds transfer;
[PL 1991, c. 812, §2 (NEW).]
(2).
An originator's bank from executing the payment order of the originator; or
[PL 1991, c. 812, §2 (NEW).]
(3).
The beneficiary's bank from releasing funds to the beneficiary or the beneficiary from withdrawing those funds.
[PL 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.
[PL 1991, c. 812, §2 (NEW).]
SECTION HISTORY
PL 1991, c. 812, §2 (NEW).