Indiana Statutes
§ 28-9-5-3 — Interpleader
This article does not prevent a depository
financial institution from interpleading and paying the funds that are
the subject of an adverse claim into a court. If a depository financial
institution pays the funds to the court, the depository financial
institution is entitled to recover and collect the costs and expenses,
including attorney's fees, incurred by the depository financial
institution in the interpleader action.
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Related
Porter Development, LLC v. First National Bank of Valparaiso
866 N.E.2d 775 (Indiana Supreme Court, 2007)
Porter Development, LLC v. First National Bank of Valparaiso
837 N.E.2d 558 (Indiana Court of Appeals, 2005)
Legislative History
As added by P.L.258-1989, SEC.2.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows