Kansas § 84-4a-503 Injunction or restraining order with respect to funds transfer

Kansas Statutes

§ 84-4a-503 — Injunction or restraining order with respect to funds transfer

Kansas·Ch. 84 UNIFORM COMMERCIAL CODE·Art. 4a FUNDS TRANSFERS

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.

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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.

Kansas § 84-4a-503 (Injunction or restraining order with respect to funds transfer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.