Maine Revised Statutes
Part 5: MISCELLANEOUS PROVISIONS
11 §4-1503. Injunction or restraining order with respect to funds transfer

§4-1503. Injunction or restraining order with respect to funds transfer
For proper cause and in compliance with applicable law, a court may restrain:   [PL 1991, c. 812, §2 (NEW).]
(1).  A person from issuing a payment order to initiate a funds transfer;  
[PL 1991, c. 812, §2 (NEW).]
(2).  An originator's bank from executing the payment order of the originator; or  
[PL 1991, c. 812, §2 (NEW).]
(3).  The beneficiary's bank from releasing funds to the beneficiary or the beneficiary from withdrawing those funds.  
[PL 1991, c. 812, §2 (NEW).]
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.   [PL 1991, c. 812, §2 (NEW).]
SECTION HISTORY
PL 1991, c. 812, §2 (NEW).

Structure Maine Revised Statutes