Texas Complaint for Interpleader and Declaratory Relief is a legal process used when conflicting claims are made for the same property. This complaint is filed by a party, known as the interpleader, who holds the property and is uncertain of its rightful owner. The interpleader can be a bank, insurer, or other entity that holds the property but is not a party to the claims of ownership. The complaint asks a court to decide which party is entitled to the property and to award the property to the rightful owner. The complaint also seeks a declaratory judgment, which is a court order stating the legal rights and obligations of the parties in relation to the disputed property. The two types of Texas Complaint for Interpleader and Declaratory Relief are: 1. Statutory Interpleader: This complaint is generally used when a financial institution, such as a bank or insurance company, has conflicting claims against it for the same property. 2. Common Law Interpleader: This complaint is generally used when a non-financial institution, such as an individual or business, has conflicting claims against it for the same property.