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Maine · Through October 1, 2025

11 M.R.S. §4-1503: Injunction or restraining order with respect to funds transfer

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Where this section sits in the code
  1. TITLE 11: UNIFORM COMMERCIAL CODE
  2. PART 5: MISCELLANEOUS PROVISIONS

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 those 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.

Collected 2026-09-04T15:12:25Z. Source file · JSON

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