Tenn. Code Ann. § 47-4A-503

Injunction or restraining order with respect to funds transfer

Known as the Uniform Commercial Code

The act spans §§ 47–47 (578 sections).

Acts 1991, ch. 52, § 1.

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

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

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

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.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.