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The Florida Senate

1997 Florida Statutes

SECTION 503
Injunction or restraining order with respect to funds transfer.

670.503  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.

History.--s. 1, ch. 91-70.