Montana Code 30-4A-503. Injunction or restraining order with respect to funds transfer
Current as of: 2023 | Check for updates
|
Other versions
30-4A-503. Injunction or restraining order with respect to funds transfer. (1) For proper cause and in compliance with applicable law, a court may restrain:
Terms Used In Montana Code 30-4A-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 or other entity as well as a natural person. See Montana Code 1-1-201
(a)a person from issuing a payment order to initiate a funds transfer;
(b)an originator’s bank from executing the payment order of the originator; or
(c)the beneficiary‘s 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.