Interplead
/ˌɪntərˈpliːd/
Definitions
- (v.) To compel two or more parties asserting adverse claims to the same property or money to litigate their claims in a single lawsuit.
The court allowed the bank to interplead the conflicting claims to the escrow funds.
- (n.) A legal procedure by which a stakeholder causes claimants to litigate their claims against the stakeholder's property or money.
The insurer filed an interplead to resolve multiple claims against the policy proceeds.
Forms
- interpleads
- interpleaded
- interpleading
Related terms
See also
Commentary
Use interplead as a verb or noun primarily in contexts involving stakeholders seeking protection from multiple claims; careful drafting ensures clarity on the parties' rights.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.