2013 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 4-A: FUNDS TRANSFERS
11 §4-1503. Injunction or restraining order with respect to funds transfer
Part 5: MISCELLANEOUS PROVISIONS
4-1503. Injunction or restraining order with respect to funds transfer
For proper cause and in compliance with applicable law, a court may restrain: [1991, c. 812, 2 (NEW).]
(1). A person from issuing a payment order to initiate a funds transfer;
[ 1991, c. 812, 2 (NEW) .]
(2). An originator's bank from executing the payment order of the originator; or
[ 1991, c. 812, 2 (NEW) .]
(3). The beneficiary's bank from releasing funds to the beneficiary or the beneficiary from withdrawing those funds.
[ 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. [1991, c. 812, 2 (NEW).]
SECTION HISTORY
1991, c. 812, 2 (NEW).
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