Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Interpleader
n. 1. A suit to determine a right to property held by a usu. disinterested third party (called a stakeholder) who is in doubt about ownership and who therefore deposits the property with the court to permit interested parties to litigate ownership. 0 Typically, a stakeholder initiates an interpleader both to determine who should receive the property and to avoid multiple liability. Fed. R. Civ. P. 22. See STAKEHOLDER (1). Cf. IMPLEADER; INTERVENTION (1). 2. Loosely, a party who interpleads.
bill in the nature of interpleader.
A bill of interpleader filed by a person claiming an interest in interpleaded property.
bill of interpleader.
An original bill filed by a party against two or more persons who claim from that party the same debt or duty. The requesting party asks the court to compel the contenders to litigate their rights to establish to whom the debt or duty is due. SeeINTERPLEADER."The common law offered the stakeholder no relief, in that if he paid in good faith to one claimant, he might nevertheless be sued by and required to pay another claimant. And a judgment at law in favor of one claimant against the stakeholder was no defense to an action against the stakeholder by another claimant. However, in equity the bill or suit of interpleader offers him a remedy in that he may interplead (bring) into one action all of the claimants, turn the money or property over to the court, be himself dismissed from the proceeding, and have the court decide which of the claimants is entitled to the fund or property ...." William Q. de Funiak, Handbook of Modern Equity ยง 108, at 241-42 (2d ed. 1956).