13 Pa. C.S. § 4A503

Current through Pa Acts 2024-53, 2024-56 through 2024-111

Section 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.

13 Pa.C.S. § 4A503

1992, July 9, P.L. 507, No. 97, § 15, effective in one year.