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The Vermont Statutes Online
Title
09A
:
Uniform Commercial Code
Chapter
004A
:
Funds Transfers
§
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. (Added 1993, No. 158 (Adj. Sess.), §
14, eff. Jan. 1, 1995.)