Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
336.4A-503 INJUNCTION OR RESTRAINING ORDER WITH RESPECT TO FUNDS
TRANSFER.
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.
History: 1990 c 582 art 1 s 34
TRANSFER.
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.
History: 1990 c 582 art 1 s 34
Official Publication of the State of Minnesota
Revisor of Statutes