Nevada Revised Statutes 104A.4503 – Injunction or restraining order with respect to funds transfer
Current as of: 2023 | Check for updates
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1. For proper cause and in compliance with applicable law, a court may restrain:
Terms Used In Nevada Revised Statutes 104A.4503
- 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: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
(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.