1163

For proper cause and in compliance with applicable law, a court may restrain:\n(a) A person from issuing a payment order to initiate a funds transfer;\n(b) an originator’s bank from executing the payment order of the originator, or\n(c) 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.\nHistory —Aug. 17, 1995, No. 208, § 4-503; Aug. 31, 1996, No. 176, § 4.