Me. Rev. Stat. tit. 11, § 4-1503

Injunction or restraining order with respect to funds transfer

Known as the Uniform Commercial Code

The act spans §§ 2-101 to 9-1709 (548 sections).

PL 1991, c. 812, §2 (NEW).

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 those 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.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.