Virginia § 8.4A-503 Injunction or restraining order with respect to funds transfer

Virginia Statutes

§ 8.4A-503 — Injunction or restraining order with respect to funds transfer

Virginia § 8.4A-503

Title 8.4ACOMMERCIAL CODE — FUNDS TRANSFERS

Part 5MISCELLANEOUS PROVISIONS

This text of Virginia § 8.4A-503 (Injunction or restraining order with respect to funds transfer) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 8.4A-503 (2026).

Text

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.