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.
Structure Maryland Statutes
Subtitle 5 - Miscellaneous Provisions
Section 4A-501 - Variation by Agreement and Effect of Funds-Transfer System Rule
Section 4A-502 - Creditor Process Served on Receiving Bank; Setoff by Beneficiary's Bank
Section 4A-503 - Injunction or Restraining Order With Respect to Funds Transfer
Section 4A-505 - Preclusion of Objection to Debit of Customer's Account