For proper cause and in compliance with applicable law, a court may restrain: [PL 1991, c. 812, §2 (NEW).]
(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 those 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.