11 M.R.S. §4-1503: Injunction or restraining order with respect to funds transfer
Where this section sits in the code
- TITLE 11: UNIFORM COMMERCIAL CODE
- 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