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Can you summarize IACO 554.12503?
UNIFORM COMMERCIAL CODE > Injunction or restraining order with respect to funds transfer.
Short Summary
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 originators bank from executing the payment order of the originator, or the beneficiarys 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. 92 Acts, ch 1146, 34
Jurisdiction
Iowa