Indiana Code
Ind. Code § 28-9-5-3 (2025)
Interpleader
✓ 2025 Indiana Code: the 2026 session is not included
Sec. 3. 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.
As added by P.L.258-1989, SEC.2.
IC 28-10ARTICLE 10. GENERAL PROVISIONS AND DEFINITIONS
Ch. 1.General Provisions
Ch. 2.LIBOR Discontinuance and Replacement
Ch. 3.Reporting of Reportable Cyber Incidents
IC 28-10-1Chapter 1. General Provisions
28-10-1-1References to federal laws or regulations
28-10-1-2Applicability of definitions
28-10-1-3"Corporation" defined
28-10-1-4"Corporation" defined
Notes of Decisions
Cited in 2
cases, 2005–2007 · leading case: Porter Dev., LLC v. First Nat'l Bank of Valparaiso, 866 N.E.2d 775 (Ind. 2007).
Porter Dev., LLC v. First Nat'l Bank of Valparaiso, 866 N.E.2d 775 (Ind. 2007). “When a financial institution interpleads and pays into court deposited funds that are subject to an adverse claim, how does Indiana Code § 28-9-5-3 govern its entitlement to receive its costs and expenses thereby incurred? To address this question, we granted transfer.”
Porter Dev., LLC v. First Nat'l Bank of Valparaiso, 837 N.E.2d 558 (Ind. Ct. App. 2005). “On Cross-Appeal, First National raises one issue, which we restate as: Whether the trial court erred in finding that First National was not entitled to recover costs and expenses, including attorney's fees, pursuant to Ind.Code § 28-9-5-3. FACTS AND PROCEDURAL HISTORY On…”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.