§ 4A503. Injunction or restraining order with respect to funds
transfer. For proper cause and in compliance with applicable law, a court may restrain:
(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.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 4A5 - Miscellaneous Provisions
Section 4A501 - Variation by agreement and effect of funds-transfer system rule
Section 4A502 - Creditor process served on receiving bank; setoff by beneficiary's bank
Section 4A503 - Injunction or restraining order with respect to funds transfer
Section 4A505 - Preclusion of objection to debit of customer's account