What is an interpleader in civil law?

Interpleader is a form of civil lawsuit in which a court resolves a dispute between two or more parties who are claiming a right to the same property. In Minnesota, the requirements for an interpleader lawsuit are set forth in Minnesota Statutes section 517.06. The party bringing the interpleader suit is known as the stakeholder. The stakeholder is typically an individual or entity who has received or is in possession of an asset contested by multiple parties. The court is asked to determine which of the claimants is entitled to the asset in dispute. The stakeholder is then relieved of any further liability in the dispute. To file an interpleader in Minnesota, the stakeholder must show that the property or funds involved in the dispute are worth more than $75,000 and that each of the claimants has a reasonable chance of prevailing. The stakeholder must also provide evidence that it is likely that a conflict will arise between two or more of the claimants if the property or funds are not transferred to court. The interpleader process allows the court to determine who is entitled to the disputed property or funds without having to adjudicate the underlying claims of the parties. It is an efficient way to resolve claims in which the parties have conflicting rights to the same asset or fund.

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