Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 47. Uniform Commercial Code |
Chapter 4A. FUNDS TRANSFERS |
Article 5. Miscellaneous Provisions |
Sec 47-4A503. Injunction or restraining order with respect to funds transfer
Latest version.
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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.