104A.4503 - Injunction or restraining order with respect to funds transfer. - Nevada Statutes

104A.4503  Injunction or restraining order with respect to funds transfer.

      1.  For proper cause and in compliance with applicable law, a court may restrain:

      (a) A person from issuing a payment order to initiate a funds transfer;

      (b) An originator’s bank from executing the payment order of the originator; or

      (c) The beneficiary’s bank from releasing funds to the beneficiary or the beneficiary from withdrawing the funds.

      2.  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.

      (Added to NRS by 1991, 447)