{"data":{"id":"us-ny/n.y.-uniform-commercial-code-law-4-a-503","jurisdiction":"us-ny","citation":"N.Y. Uniform Commercial Code Law § 4-a-503","heading":"Injunction or Restraining Order With Respect to Funds Transfer","body":"Section 4-A-503. Injunction or Restraining Order With Respect to Funds\n                   Transfer.\n  For proper cause and in compliance with applicable law, a court may\nrestrain (i) a person from issuing a payment order to initiate a funds\ntransfer, (ii) an originator's bank from executing the payment order of\nthe originator, or (iii) the beneficiary's bank from releasing funds to\nthe beneficiary or the beneficiary from withdrawing the funds. A court\nmay not otherwise restrain a person from issuing a payment order, paying\nor receiving payment of a payment order, or otherwise acting with\nrespect to a funds transfer.","path":["Uniform Commercial Code Law","Article 4-A. Funds Transfers","Part 5. Miscellaneous Provisions"],"source_url":"https://legislation.nysenate.gov/api/3/laws/UCC/4-A-503","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"49dafb4b02715e04355790eab6e0774822750ca4c05d4f06980579e4dd1f394c","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-uniform-commercial-code-law-4-a-502","next":"us-ny/n.y.-uniform-commercial-code-law-4-a-504"},"notice":"GroundRules: Original legal text. Not legal advice."}