action is initiated when a plaintiff that holds property on behalf of another does not know to whom the property should be transferred.
Consequently, with the amendment of Missouri's statute, insurers may now utilize the interpleader
procedure to limit the uncertainty of how to best protect the insured's interests, while simultaneously limiting future exposure to bad faith liability.
"Note that the subject of this interpleader
case (the proceeds of the auction sale of the disputed paintings) is in the custody of the District Attorney of New York, and not in the Philippines, and so execution of the judgment will be in the US," Guevarra said.
For some, if the stakes are high enough, the safest approach will be to bring an interpleader
action and ask a court to identify the proper beneficiary.
is to avoid multiple lawsuits and to protect disinterested
The complaint, filed at the request of the trustee, is known technically as an interpleader
complaint, according to Laura Wakeley, a spokeswoman for Fulton.
limiting venue statute, as with interpleader
, the transfer statute is
Following the criminal trial, the Laborers Pension Fund (the Fund) brought an interpleader
action to determine the proper beneficiary of Zeljkos pension benefits.
It does not address topics like service of process, interpleader
, historical materials on common law pleading, discovery mechanisms, default judgments, voluntary and involuntary dismissal, execution of judgments, and trial.
In response to the insurer's interpleader
action, the plaintiff filed a counterclaim for bad faith, asserting that the insurer was attempting to coerce him into accepting less than the full amount to which he was entitled under his policy.
Stat.; identifies and contacts owners of excess tax deed sale proceeds for the purpose of offering to recover the excess proceeds on their behalf from the Clerk of Court; offers the owners of excess proceeds a contingency arrangement using a purported assignment modified by an agreement to share the excess proceeds upon recovery, with the owner retaining a 60 percent interest in the excess proceeds; requests from the Clerk of Court the surplus funds based on the purported assignment; and files pleadings in interpleader
actions to recover the surplus funds.
proceeding to determine which among several competing