California · Commercial Code

COM §11503: 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 paymen

What this law says, in plain English

A court may prohibit a person or bank from issuing or executing a payment order to transfer funds when proper cause exists and the action complies with applicable law.

Read the full statutory text

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.

Verify at the official source: California legislative text

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