Specifically, Section 507.060 now allows insurers to interplead
the applicable policy limit into the court for subsequent distribution among the multiple claimants by the court.
[T]he Commissioner shall interplead
to the Court the sum of $79,452.28 within sixty (60) days of the entry of the final order incorporating this Letter Opinion."
. Joinder for interpleader is proper even though:
By the eighteenth century, Scottish public law displayed the features that Monaghan later identified as hallmarks of the public rights model of litigation: a reliance on the declaratory-judgment proceeding to test the legality of government action directly, a relaxation of the rules of sovereign immunity that enabled the public to interplead
directly with the Crown by suing its officers, and a rethinking of the rules of standing that enabled parties to pursue "public" or "popular" actions in the Court of Session.
(12) If claims exceed the penal sum of the bond, the surety should interplead
this amount into court for distribution on a pro rata basis.
As per the court, this action ensured its jurisdiction to order the banks to turn over Cuba's assets and allowed the banks to interplead
other potential claimants to the assets at issue.
1920) ("Wherever the debtor may otherwise be liable again he should be allowed to interplead
Frank retained counsel and asked for confirmation that Frank's "claim was complete and that [it] [had] received all the supporting documents needed to process his claim...." Based on the receipt of this letter, and the fact that Frank was still considered a "prime suspect" in the murder of Rosamaria, the manager referred this matter to Farmers' legal department and, subsequently, a decision was made to interplead
the life insurance proceeds.
itself as the true plaintiff, stating that Spalding
(79) Notices may also be given of an equitable transfer of an account and may require the account debtor to interplead
to avoid any risk paying the incorrect owner.