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Civil litigation

funds in registry of court

When there is a dispute over money (funds) or property, and the money or property is held by a person or entity who is not a party to the dispute—such as an insurance company in possession of insurance proceeds or a payment due a business under a contract in which a former employee or business partner claims an ownership interest—the party holding the disputed funds or property may place it in the registry of the court (by filing an interpleader action) and allowing the court to safeguard the funds or property until it determines the rightful owner.

In Maine, when there is a dispute over funds or property that is held by a third party not involved in the dispute, the third party can use an interpleader action to deposit the disputed assets with the court. This legal process allows the court to hold the funds or property securely while the dispute is resolved. The interpleader action relieves the third party, such as an insurance company or a business, from the responsibility of determining the rightful owner and protects them from multiple liabilities. The court will then determine the rightful owner through its legal processes. Maine's state statutes and rules of civil procedure would provide the specific framework for how an interpleader action is to be filed and handled in the state courts.

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Civil litigation

funds in registry of court

Individual & Family Legal Plan

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Maine State Code

Maine State Code

Civil litigation

funds in registry of court

Articles