West Virginia § 46-4A-503 Injunction or restraining order with respect to funds transfer

West Virginia Statutes

§ 46-4A-503 — Injunction or restraining order with respect to funds transfer

West Virginia § 46-4A-503

Ch. 46UNIFORM COMMERCIAL CODE

Art. 4AFUNDS TRANSFERS

This text of West Virginia § 46-4A-503 (Injunction or restraining order with respect to funds transfer) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 46-4A-503 (2026).

Text

For proper cause and in compliance with applicable law, a court may restrain (1) a person from issuing a payment order to initiate a funds transfer, (2) an originator's bank from executing the payment order of the originator or (3) 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 (1) a person from issuing a payment order to initiate a funds transfer, (2) an originator's bank from executing the payment order of the originator or (3) 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.