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11 §4-1503. Injunction or restraining order with respect to funds transfer

11 ME Rev Stat § 4-1503 (2019) (N/A)
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§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).

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