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The Florida Statutes

The 2021 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 670
UNIFORM COMMERCIAL CODE: FUNDS TRANSFERS
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F.S. 670.503
670.503 Injunction or restraining order with respect to funds transfer.For proper cause and in compliance with applicable law, a court may restrain:
(1) A person from issuing a payment order to initiate a funds transfer;
(2) An originator’s bank from executing the payment order of the originator; or
(3) 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.

History.s. 1, ch. 91-70.