Tennessee Code 47-4A-503 – Injunction or restraining order with respect to funds transfer
Current as of: 2024 | Check for updates
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For proper cause and in compliance with applicable law, a court may restrain:
Terms Used In Tennessee Code 47-4A-503
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
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.