Section 355.4A-503 - Injunction or restraining order with respect to funds transferFor 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.Effective:7/14/1992
Created 1992 Ky. Acts ch. 116, sec. 57, effective7/14/1992.