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§ 4A503. Injunction or restraining order with respect to funds transfer

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial Code

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 4a. Funds Transfers (Refs & Annos)
Chapter 4A5. Miscellaneous Provisions
13 Pa.C.S.A. § 4A503
§ 4A503. Injunction or restraining order with respect to funds transfer
Currentness
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.

Credits

1992, July 9, P.L. 507, No. 97, § 15, effective in one year.
13 Pa.C.S.A. § 4A503, PA ST 13 Pa.C.S.A. § 4A503
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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