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Kentucky Revised Statutes · § 355.4A-503 — Injunction or restraining order with respect to funds transfer

355.4A-503. Injunction or restraining order with respect to funds transfer

For proper cause and in compliance with applicable law, a court may restrain:

(1) A person from issuing a payment order to initiate a funds transfer;

(2) An originator's bank from executing the payment order of the originator; or

(3) 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.

Source notes

Effective: July 14, 1992

History and annotations

Created 1992 Ky. Acts ch. 116, sec. 57, effective July 14, 1992.

Official source for this version

Source captured 2026-09-25. Open the official source.

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