Montana Statutes
§ 30-4A-503 — Injunction Or Restraining Order With Respect To Funds Transfer
Montana·Title 30 TRADE AND COMMERCE·Ch. 4A UNIFORM COMMERCIAL CODE FUNDS TRANSFERS·Part 5 Miscellaneous Provisions
30-4A-503 . Injunction or restraining order with respect to funds transfer.
(1)For proper cause and in compliance with applicable law, a court may restrain:
(a)a person from issuing a payment order to initiate a funds transfer;
(b)an originator's bank from executing the payment order of the originator; or
(c)the beneficiary's bank from releasing funds to the beneficiary or the beneficiary from withdrawing the funds.
(2)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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Montana § 30-4A-503 (Injunction Or Restraining Order With Respect To Funds Transfer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 222, Ch. 410, L. 1991.
Nearby Sections
15
§ 30-4A-101
Short Title§ 30-4A-102
Subject Matter§ 30-4A-103
Payment Order -- Definitions§ 30-4A-104
Funds Transfer -- Definitions§ 30-4A-105
Other Definitions§ 30-4A-106
Time Payment Order Is Received§ 30-4A-108
Relationship To Electronic Fund Transfer Act§ 30-4A-201
Security Procedure§ 30-4A-202
Authorized And Verified Payment Orders§ 30-4A-204
Refund Of Payment And Duty Of Customer To Report With Respect To Unauthorized Payment Order§ 30-4A-205
Erroneous Payment Orders§ 30-4A-207
Misdescription Of Beneficiary