Indiana § 26-1-4.1-503 Injunction or restraining order with respect to funds transfer

Indiana Statutes

§ 26-1-4.1-503 — Injunction or restraining order with respect to funds transfer

Indiana § 26-1-4.1-503

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 4.1Fund Transfers

This text of Indiana § 26-1-4.1-503 (Injunction or restraining order with respect to funds transfer) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-4.1-503 (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.