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Commonly Asked Questions about Interpleader Action Forms

An interpleader proceeding has two stages. The first stage determines if the stakeholder is entitled to an interpleader and if he should be discharged from liability. The second stage is like an action at law to determine which of the claimants is entitled to the res.
Types of Interpleaders Statutory Interpleader: This action is governed by 28 U.S.C. 1335, which originated from the Federal Interpleader Act of 1936 and is based on law. Rule Interpleader: This action is established by the Federal Rules of Civic Procedure 22 and deals with the rule of the case.
In an interpleader action, a party who knows two or more other parties are making a claim on some asset controlled by the party can ask the court to decide who has what rights to the asset, deposit the asset into the custody of the court or a third party and remove itself from the litigation.
Collusion, bad faith or inequitable conduct by the interpleading party which create the controversy may be a defense to an interpleader action.
noun (1) in​ter​plead​er ˌin-tər-ˈplē-dər. : a proceeding to enable a person to compel parties making the same claim against him to litigate the matter between themselves.
A typical interpleader action occurs when two or more parties make a claim on an insurance policy and the insurance company has no wish to become involved in the fight and interpleads the policy with the court and asks the court to remove it from the matter.
An interpleader brings B and C into the same action where B and C would litigate who the rightful sole owner of the money is, and A would only have to face either B or C. An interpleader is a type of joinder device available in a civil action, and can be brought by either the plaintiff or the defendant.