Alabama § 7-4A-503 - Injunction or Restraining Order with Respect to Funds Transfer.
Full text of Alabama Code of Alabama § 7-4A-503 — Injunction or Restraining Order with Respect to Funds Transfer., with citation guidance and answers to common questions.
§ 7-4A-503. Injunction or Restraining Order with Respect to Funds Transfer.
For proper cause and in compliance with applicable law, a court may restrain (i) a person from issuing a payment order to initiate a funds transfer, (ii) an originator’s bank from executing the payment order of the originator, or (iii) 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.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 7-4A-503
What does Code of Alabama § 7-4A-503 cover?
Section 7-4A-503 ("Injunction or Restraining Order with Respect to Funds Transfer.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 7-4A-503?
A common citation format is "Code of Alabama § 7-4A-503" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 7-4A-503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.