Injunction or restraining order with respect to funds transfer.

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