Tennessee § 47-4a-503 Injunction or restraining order with respect to funds transfer

Tennessee Statutes

§ 47-4a-503 — Injunction or restraining order with respect to funds transfer

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.

Tennessee § 47-4a-503 (Injunction or restraining order with respect to funds transfer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.