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Iowa Code 554.12503 - Injunction or restraining order with respect to funds transfer

Iowa Code > Title XIII > Subtitle 5 > Chapter 554 > § 554.12503. Injunction or restraining order with respect to funds transfer


Current as of: 2009

For proper cause and in compliance with applicable law, a court may restrain a person from issuing a payment order to initiate a funds transfer, an originator’s bank from executing the payment order of the originator, or 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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Questions & Answers: Uniform Commercial Code

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See also:

Iowa Code Chapter 554 - Uniform commercial code
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