Mich. Comp. Laws § 440.4953: Powers of court with respect to funds transfer.
Where this section sits in the code
- MI Code
- Chapter 440
- Act Act-174-of-1962
Sec. 4A503.
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.
Collected 2026-09-14T18:32:31Z. Source file · JSON