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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 Pennsylvania, when there is a dispute over funds or property 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 action allows the court to hold the funds or property in its registry while the dispute is resolved. The interpleader process is governed by the Pennsylvania Rules of Civil Procedure, specifically Rule 2307, which outlines the procedure for stakeholders to initiate an interpleader action. By doing so, the stakeholder, such as an insurance company or business, can avoid multiple liabilities and the burden of determining the rightful owner. The court will then notify interested parties, allow them to present their claims, and ultimately decide who is entitled to the money or property. This process ensures that the assets are protected and that the resolution is fair and legally sound.

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Civil litigation

funds in registry of court

Individual & Family Legal Plan

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Pennsylvania State Code

Pennsylvania State Code

Civil litigation

funds in registry of court

Articles