Funds Transfers (UCC Article 4A) 

Hawaii Revised Statutes > Division 2 > Title 27 > Chapter 490 > Article 4A > Part 5 > § 490:5-109 - Fraud and forgery

     (b)  If an applicant claims that a required document is forged or materially fraudulent or that honor of the presentation would facilitate a material fraud by the beneficiary on the issuer or applicant, a court of competent jurisdiction may temporarily or permanently enjoin the issuer from honoring a presentation or grant similar relief against the issuer or other persons only if the court finds that:

     (1)  The relief is not prohibited under the law applicable to an accepted draft or deferred obligation incurred by the issuer;

     (2)  A beneficiary, issuer, or nominated person who may be adversely affected is adequately protected against loss that it may suffer because the relief is granted;

     (3)  All of the conditions to entitle a person to the relief under the law of this State have been met; and

     (4)  On the basis of the information submitted to the court, the applicant is more likely than not to succeed under its claim of forgery or material fraud and the person demanding honor does not qualify for protection under subsection (a)(1).

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Hawaii Laws: Funds Transfers (UCC Article 4A)

Hawaii Revised Statutes Chapter 490 > Article 4A - Funds Transfers

Hawaii Revised Statutes Chapter 490 > Article 4A > Part 1 - Subject Matter and Definitions

Hawaii Revised Statutes Chapter 490 > Article 4A > Part 2 - Issue and Acceptance of Payment Order

Hawaii Revised Statutes Chapter 490 > Article 4A > Part 3 - Execution of Sender's Payment Order by Receiving Bank

Hawaii Revised Statutes Chapter 490 > Article 4A > Part 4 - Payment

Hawaii Revised Statutes Chapter 490 > Article 4A > Part 5 - Miscellaneous Provisions

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