Mississippi Motion to Interplead Funds
Description Interpleader
How to fill out Mississippi Motion To Interplead Funds?
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What Is An Interpleader Other Form Names
FAQ
N. the procedure when two parties are involved in a lawsuit over the right to collect a debt from a third party, who admits the money is owed but does not know which person to pay.
Intransitive verb. : to go to trial with each other in order to determine a right on which the action of a third party depends.
An interpleader action aims to determine the party who is entitled to receive money or property when a neutral third party is holding funds or property and is confronted with two or more claimants to the same money or property.
Impleader:The third party becomes a participant in the lawsuit and is known as a third party defendant. Interpleader: Interpleader occurs when a third party enters into a lawsuit, usually to determine that party's rights with regard to property at issue in the lawsuit.
A way for a holder of property to initiate a suit between two or more claimants to the property.Interpleader avoids the problem of A being sued separately by both B and C, and potentially losing the same piece of property twice.
You typically must initiate your interpleader action by filing your complaint with the clerk of the court in the county where the money or property at issue is located. Depending on the defendants and the amount of money at stake, federal court may be proper.
Interpleader is defined as an equitable remedy now governed by statute, whereby a holder of money such as an escrow deposits funds or property with the Court.
Interpleader is a kind of procedure whereby a person in possession of property not being his own, and being claimed from such person (possession) by two or more other persons (so called claimants), by which the matter can be brought to court for adjudication over ostensibly valid and enforceable competing claims over