INTERPLEADER:

Interpleader is a remedy whereby a person, who has property in his possession or an obligation to perform, either wholly or partially, but who claims no interest in the subject, or whose interest, in whole or in part, is not disputed by others, goes to court and asks that conflicting claimants to the property or obligation be reduced to litigate themselves in order to determine finally who’s entitled to the same.

      Otherwise stated, a person against whom conflicting claims are asserted by several claimants over the same subject matter, but who claims no interest whatever therein, may bring an action for interpleader against the several claimants to compel them to interplead and litigate their several claims among themselves. (Section 1, Rule 62)

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