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§ 30-4a-503 — Montana Law | CourtGPT
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  2. Laws/
  3. Montana/
  4. Title 30 - Trade and Commerce/
  5. Chapter 4a - Uniform Commercial Code Funds Transfers/
  6. Part 5 - Miscellaneous Provisions30-4a-501. Variation by Agreement and Effect of Funds-transfer System Rule/
  7. § 30-4a-503
Montana Legal Code

§ 30-4a-503

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30-4A-503. Injunction or restraining order with respect to funds transfer. (1) For proper cause and in compliance with applicable law, a court may restrain: (a) a person from issuing a payment order to initiate a funds transfer; (b) an originator's bank from executing the payment order of the originator; or (c) the beneficiary's bank from releasing funds to the beneficiary or the beneficiary from withdrawing the funds. (2) 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. History: En. Sec. 222, Ch. 410, L. 1991.