(810 ILCS 5/4A-503) (from Ch. 26, par. 4A-503)
Sec. 4A-503.
Injunction or restraining order with respect to funds
transfer. For proper cause and in compliance with applicable law, a court
may restrain (i) a person from issuing a payment order to initiate a funds
transfer, (ii) an originator's bank from executing the payment order of the
originator, or (iii) 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.
(Source: P.A. 86-1291.)
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