§490:4A-503 - Injunction or restraining order with respect to funds transfer.
§490:4A-503 Injunction or restraining order
with respect to funds transfer. 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. [L 1991, c 41, pt of §1]