§ 6A-4.1-503 - Injunction or restraining order with respect to funds transfer. - Rhode Island Statutes

SECTION 6A-4.1-503

   § 6A-4.1-503  Injunction or restrainingorder with respect to funds transfer. – For proper cause and in compliance with applicable law, a court may restrain(i) a person from issuing a payment order to initiate a funds transfer, (ii) anoriginator's bank from executing the payment order of the originator, or (iii)the beneficiary's bank from releasing funds to the beneficiary or thebeneficiary from withdrawing the funds. A court may not otherwise restrain aperson from issuing a payment order, paying or receiving payment of a paymentorder, or otherwise acting with respect to a funds transfer.