Maine Revised Statutes

§4-1503. Injunction or restraining order with respect to funds transfer

For proper cause and in compliance with applicable law, a court may restrain: [1991, c. 812, §2 (NEW).]

(1).    A person from issuing a payment order to initiate a funds transfer;
[ 1991, c. 812, §2 (NEW) .]
(2).    An originator's bank from executing the payment order of the originator; or
[ 1991, c. 812, §2 (NEW) .]
(3).    The beneficiary's bank from releasing funds to the beneficiary or the beneficiary from withdrawing those funds.
[ 1991, c. 812, §2 (NEW) .]

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. [1991, c. 812, §2 (NEW).]

SECTION HISTORY
1991, c. 812, §2 (NEW).