Louisiana Statutes
§ 10:4A-503 — Injunction or restraining order with respect to funds transfer
Louisiana·Title 10 Commercial Laws
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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Louisiana § 10:4A-503 (Injunction or restraining order with respect to funds transfer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Acts 1990, No. 1079, §4, eff. Sept. 1, 1990.
Nearby Sections
15
§ 10:4A-101
§ 10:4A-101§ 10:4A-102
Subject Matter§ 10:4A-103
Payment Order - Definitions§ 10:4A-104
Funds Transfer - Definitions§ 10:4A-105
Other definitions§ 10:4A-106
Time payment order is received§ 10:4A-201
Security procedure§ 10:4A-202
Authorized and verified payment orders§ 10:4A-204
Refund of payment and duty of customer to report with respect to unauthorized payment order§ 10:4A-205
Erroneous payment orders§ 10:4A-207
Misdescription of beneficiary