Current as of January 01, 2020 | Updated by FindLaw Staff
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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) An originator's bank from executing the payment order of the originator; or
(iii) 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.
Cite this article: FindLaw.com - Tennessee Code Title 47. Commercial Instruments and Transactions § 47-4A-503 - last updated January 01, 2020 | https://codes.findlaw.com/tn/title-47-commercial-instruments-and-transactions/tn-code-sect-47-4a-503.html
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