Tenn. Code Ann. § 47-4a-503: 2024 Tennessee Code Title 47 - COMMERCIAL INSTRUMENTS AND TRANSACTIONS (§§ 47-1-101 — 47-50-121) Chapter 4A - FUNDS TRANSFERS (§§ 47-4A-101 — 47-4A-507) Part 5 - MISCELLANEOUS PROVISIONS (§§ 47-4A-501 — 47-4A-507) Section 47-4A-503 - Injunction or restraining order with respect to funds transfer
Where this section sits in the code
- TN Code
- Title 47
- Chapter 4a
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.
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