Section 1304.81 | Injunction or restraining order with respect to funds transfer - UCC 4A-503.
For proper cause and in compliance with applicable law, a court may restrain a person from issuing a payment order to initiate a funds transfer, an originator's bank from executing the payment order of the originator, or 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.
Available Versions of this Section
- October 23, 1991 – House Bill 221 - 119th General Assembly [ View October 23, 1991 Version ]