Ariz. Rev. Stat. § 47-4A503

Current through L. 2024, ch. 259
Section 47-4A503 - Injunction or restraining order with respect to funds transfer

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.

A.R.S. § 47-4A503