California § 11503. 11503. (Added by Stats. 1990, Ch. 125, Sec. 2.)

California Statutes

§ 11503. — 11503. (Added by Stats. 1990, Ch. 125, Sec. 2.)

California § 11503.

Code COMCommercial Code - COM

Div. 11.DIVISION 11. FUNDS TRANSFERS

Ch. 5.CHAPTER 5. Miscellaneous Provisions

This text of California § 11503. (11503. (Added by Stats. 1990, Ch. 125, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Commercial Code - COM Code § 11503. (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Legislative History

Added by Stats. 1990, Ch. 125, Sec. 2.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

California § 11503., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/COM/11503..