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§ 4a-503 — Maryland Law | CourtGPT
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  3. Maryland/
  4. Commercial Law - Title 1 - General Provisions/
  5. Title 4a - Funds Transfers/
  6. Subtitle 5 - Miscellaneous Provisions/
  7. § 4a-503
Maryland Legal Code

§ 4a-503

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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.