interpleader

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interpleader

A legal proceeding in which one holding money and making no claim to it, but unsure as to which of several claimants should receive the money,pays the money into court.This is the normal route taken by an escrow agent or someone else holding earnest money when the buyer and seller both demand the earnest money.The escrow company will name both the buyer and seller as defendants; ask that it be reimbursed out of the money for its costs, usually a small attorney's fee and a court filing fee; and that it be allowed to exit from the fight. The buyer and seller then battle over the funds.

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Escrow

References in periodicals archive ?

will have to wait for future work, but the interpleader statute is a

CHOICE OF LAW AND JURISDICTIONAL POLICY IN THE FEDERAL COURTS

Interpleader in Other Parts of the World: Canada, United

Interpleader as an appropriate remedial mechanism to effectively navigate the OW Bunker saga: the influence of Judge Caproni's ruling of the United States District Court for the Southern District of New York

In order for the Singapore High Court to make an order for interpleader relief, the applicant must first adduce evidence that there is prima facie evidence of competing claims.

Lessons Learnt from the O.W.Bunker Saga: A UAE perspective

155, 164-65 (1980) (declaring state retention of interest accming on an interpleader fund deposited in the registry of the county court a taking); Kimball Laundry v.

"Your raisins or your life": the harrowing of the takings clause in Horne v. U.S. Department of Agriculture

From Federal Rule of Civil Procedure 14's third-party practice, to Rule 19 and 20's joinder of parties and Rule 18's joinder of claims, to Rule 22's interpleader and Rule 24's intervention, to Rule 23's class and mass action procedures, legal remedies for multiple parties (338) and multiple claims (339) are now commonplace.

The equitable Anti-Injunction Act

of North Little Rock, which filed an interpleader in the case on Aug.

Turner grain executive claims $5.5m in debts, $2m in assets

The emergence of conflicting claims from the descendants of an original owner and the later possessor from whom the law enforcement agents directly took the chattels might in theory induce the holding authorities to invoke a procedure akin to that of interpleader, by which they apply to the court for permission to retire from the proceedings, perhaps while continuing to hold the paintings as neutral stake-holders, and thereafter to await, and act according to, whatever final order the court makes after hearing the claims of the claimants.

The role of bailment in cultural property claims: "A subject I have not found easy"

The life insurance company filed an interpleader action and deposited the policy benefits plus interest with the trial court.

When an insurer must interplead funds

He also thought that courts should maintain the interpleader rule, presumably because of the complexity of such litigation.

Henry Friendly, Greatest Judge of His Era

Instead of returning the $49,000 deposit to the purchaser or turning the funds over to the court for an interpleader action, Simon remitted the funds to the developer without advising the purchaser.

Disciplinary actions

On the facts, Thahir was concerned with an interpleader proceeding, which could be heard only on the condition that the claimant had proprietary interests in the fund deposited in the account now held by the defendant.

Characterization of proprietary restitution in the conflict of laws

The insurers say in an interpleader action filed yesterday in the United States District Court for the Eastern District of Louisiana that they are facing multiple claims that threaten to exceed the limits available in an excess layer of coverage they wrote insuring Transocean.

Insurers File Action Against BP, Transocean to Clear Up Confusion Around Excess Policy