§ 25-4A-503. Injunction or restraining order with respect to funds transfer. - North Carolina Statutes

§25‑4A‑503.  Injunction or restraining order with respect to fundstransfer.

For proper cause and incompliance with applicable law, a court may restrain (i) a person from issuinga payment order to initiate a funds transfer, (ii) an originator's bank fromexecuting the payment order of the originator, or (iii) the beneficiary's bankfrom releasing funds to the beneficiary or the beneficiary from withdrawing thefunds.  A court may not otherwise restrain a person from issuing a paymentorder, paying or receiving payment of a payment order, or otherwise acting withrespect to a funds transfer. (1993, c. 157, s. 1.)