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Can you summarize NVRS 104A.4503?
Uniform Commercial CodeAdditional Articles > Injunction or restraining order with respect to funds transfer.
Short Summary
1.For proper cause and in compliance with applicable law, a court may restrain: (a)A person from issuing a payment order to initiate a funds transfer; (b)An originators bank from executing the payment order of the originator; or (c)The beneficiarys bank from releasing funds to the beneficiary or the beneficiary from withdrawing the funds. 2.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. (Added to NRS by 1991, 447)
Jurisdiction
Nevada