Utah Statutes
§ 70A-4a-503 — Injunction or restraining order with respect to funds transfer.
Utah·Title 70A Uniform Commercial Code·Ch. 70A-4a Uniform Commercial Code - Funds Transfers·Part 70A-4a-5 Miscellaneous Provisions
(1)For proper cause and in compliance with applicable law, a court may restrain:
(1)(a) a person from issuing a payment order to initiate a funds transfer;
(1)(b) an originator's bank from executing the payment order of the originator; or
(1)(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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Utah § 70A-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
Enacted by Chapter 294, 1990 General Session
Nearby Sections
15
§ 70A-10-101
Effective date.§ 70A-10-102
Specific repealer -- Provision for transition.§ 70A-10-103
General repealer.§ 70A-10-104
Laws not repealed.§ 70A-1a-101
Title.§ 70A-1a-102
Scope of chapter.§ 70A-1a-104
Construction against implied repeal.§ 70A-1a-105
Severability.§ 70A-1a-106
Use of singular and plural -- Gender.§ 70A-1a-107
Section captions.§ 70A-1a-201
General definitions.§ 70A-1a-202
Notice -- Knowledge.§ 70A-1a-203
Lease distinguished from security interest.