(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 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.
History.—s. 1, ch. 91-70.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 670 - Uniform Commercial Code: Funds Transfers
Part V - Miscellaneous Provisions (Ss. 670.501-670.507)
670.501 - Variation by agreement and effect of funds-transfer system rule.
670.502 - Creditor process served on receiving bank; set-off by beneficiary’s bank.
670.503 - Injunction or restraining order with respect to funds transfer.
670.505 - Preclusion of objection to debit of customer’s account.