84-4a-503. Injunction or restraining order with respect to funds transfer. 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.
History: L. 1990, ch. 367, § 34; Jan. 1, 1991.
Structure Kansas Statutes
Chapter 84 - Uniform Commercial Code
84-4a-103 Payment order—definitions.
84-4a-104 Funds transfer—definitions.
84-4a-106 84-4a-106.Time payment order is received.
84-4a-107 Federal reserve regulations and operating circulars.
84-4a-108 Exclusion of consumer transactions governed by federal law; exceptions.
84-4a-202 Authorized and verified payment orders.
84-4a-203 Unenforceability of certain verified payment orders.
84-4a-205 Erroneous payment orders.
84-4a-206 Transmission of payment order through funds transfer or other communication system.
84-4a-207 Misdescription of beneficiary.
84-4a-208 Misdescription of intermediary bank or beneficiary's bank.
84-4a-209 Acceptance of payment order.
84-4a-210 Rejection of payment order.
84-4a-211 Cancellation and amendment of payment order.
84-4a-212 Liability and duty of receiving bank regarding unaccepted payment order.
84-4a-301 Execution and execution date.
84-4a-302 Obligations of receiving bank in execution of payment order.
84-4a-303 Erroneous execution of payment order.
84-4a-304 Duty of sender to report erroneously executed payment order.
84-4a-305 Liability for late or improper execution or failure to execute payment order.
84-4a-402 Obligation of sender to pay receiving bank.
84-4a-403 Payment by sender to receiving bank.
84-4a-404 Obligation of beneficiary's bank to pay and give notice to beneficiary.
84-4a-405 Payment by beneficiary's bank to beneficiary.
84-4a-406 Payment by originator to beneficiary; discharge of underlying obligation.
84-4a-501 Variation by agreement and effect of funds-transfer system rule.
84-4a-502 Creditor process served on receiving bank; setoff by beneficiary's bank.
84-4a-503 Injunction or restraining order with respect to funds transfer.
84-4a-505 Preclusion of objection to debit of customer's account.