§ 6A-4.1-503. 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 of Section.P.L. 1991, ch. 189, § 1.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-4.1 - Funds Transfers
Part 5 - Miscellaneous Provisions
Section 6A-4.1-501. - Variation by agreement and effect of funds transfer system rule.
Section 6A-4.1-502. - Creditor process served on receiving bank — Set off by beneficiary’s bank.
Section 6A-4.1-503. - Injunction or restraining order with respect to funds transfer.
Section 6A-4.1-505. - Preclusion of objection to debit of customer’s account.