Interpleader Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Interpleader, written in plain English, along with examples of how it is used.
What is Interpleader?
An Interpleader is given the job when two or more parties claim to be the owner of money or property that is owed by some third party. That third party normally deposits the fund with the court as per the instruction of the interpleader and will be free of an legal action or party of lawsuit.Now to determine who the real owner of the propoerty or money is the process of the interpleader.