interpleader


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in·ter·plead·er

 (ĭn′tər-plē′dər)
n. Law
A lawsuit brought on behalf of a third party to determine which of two parties is entitled to property held by the third party.

[Anglo-Norman enterpleder, to interplead, interpleader; see interplead.]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

interpleader

(ˌɪntəˈpliːdə)
n
1. (Law) a process by which a person holding money or property claimed by two or more parties and having no interest in it himself can require the claimants to litigate with each other to determine the issue
2. (Law) a person who interpleads
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

in•ter•plead•er1

(ˌɪn tərˈpli dər)

n.
a legal proceeding to determine which of two parties has the more valid claim against a third party.
[1510–20; variant of enterpleder < Anglo-French (infinitive used as n.); see -er3]

in•ter•plead•er2

(ˌɪn tərˈpli dər)

n.
a party who interpleads.
[1840–50]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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References in periodicals archive ?
Merrill Lynch instead filed an interpleader action....'
However, the Missouri legislature recently amended its interpleader statute, which may provide significant protection to insurance companies against such bad faith claims arising from the defense and settlement of multiple claims against the insured.
The petitioner was a defendant in an interpleader action filed by the Clerk of the Circuit Court of Manatee County (case no.
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He agreed with Calida that the settlement agreement in the interpleader case pending at the New York district court was disadvantageous to the Philippine government.
Alternatively, an insurance company or retirement plan sponsor, unsure of whether the state slayer statute should be applied, may bring an action in court (called an interpleader action) and ask the court to determine who the proper beneficiary is.
due to PLT under the contract and brought an interpleader action.
Certain noteholders junior to the class A-1 and A-2 notes, along with the collateral manager TP Management LLC, filed interpleader complaint objecting to the involuntary bankruptcy filing.
Insurers who file an interpleader action can deposit their coverage limits into an account maintained by the court, which would then decide how to split the proceeds.
Not satisfied by QuadrigaCX's explanation of who owns the funds, the bank has requested an 'interpleader order', which would see the court take possession of the money and subsequently decide who to hand it over to.
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