Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 45-14-503 — Alaska Law | CourtGPT
  1. Home/
  2. Laws/
  3. Alaska/
  4. Title 45 - Trade and Commerce/
  5. Chapter 14 - Funds Transfers/
  6. Article 5 - Miscellaneous Provisions.sec. 45.14.501. Variation by Agreement and Effect of Funds-transfer System Rule/
  7. § 45-14-503
Alaska Legal Code

§ 45-14-503

Ask AI about this
(a) For proper cause and in compliance with applicable law, a court may restrain (1) a person from issuing a payment order to initiate a funds transfer; (2) an originator's bank from executing the payment order of the originator; or (3) the beneficiary's bank from releasing funds to the beneficiary or the beneficiary from withdrawing the funds. (b) Except as provided in (a) of this section, 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.