Mo. Rev. Stat. » Chapter 362
Missouri Revised Statutes

Mo. Rev. Stat. § 362.360 (2026)

Interpleader in certain actions

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  362.360.  Interpleader in certain actions — funds may remain in bank — costs. — 1.  In all actions against any bank or trust company to recover for moneys on deposit or property left in a safe deposit box therewith, if there be any person or persons, not parties to the action, who claim the same fund, the court in which the action is pending may, on the petition of the bank or trust company, and upon eight days' notice to the plaintiff and the claimants, and without proof as to the merits of the claim, make an order amending the proceeding in the action by making the claimants parties defendant thereto; and the court shall thereupon proceed to determine the rights and interests of the several parties to the action in and to the property.  The remedy provided in this section shall be in addition to and not exclusive of remedies now or hereafter existing.

  2.  The funds on deposit or property which are the subject of the action may remain with the bank or trust company subject to the order of the court until final judgment therein, and, if deposits, be entitled to the same interest as other deposits of the same class, and shall be paid by the bank or trust company in accordance with the final judgment of the court; or in the discretion of the court, the deposit or property in controversy may be paid into or placed with the court to await the final determination of the action, and when the deposit or property is so paid into or placed with the court the bank or trust company shall be struck out as a party to the action, and its liability for the deposit or property shall cease.

  3.  The costs in all actions against a bank or trust company to recover deposits or property shall be in the discretion of the court, and may be charged upon the fund or property affected by the action.

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(RSMo 1939 § 7979, A.L. 1967 p. 445, A.L. 1981 S.B. 28)

Prior revisions: 1929 § 5384; 1919 § 11766

(1952) Where defendant bank filed answer and interpleader and took position that deposit belonged to the estate of plaintiff's mother rather than to plaintiff, and court sustained interpleader and ordered other parties to be brought in, but did not dischargebank, there was no appealable order. Heinrich v. South Side Nat. Bank, 363 Mo. 220, 250 S.W.2d 345.

(1953) Husband and wife having joint bank account both became ill and husband then arranged to have Simrall's name added to the account. Upon death of husband, Simrall came into bank and nearly all of deposit was, with Simrall's consent, transferred to escrow account. Wife subsequently died.  Interpleader by bank held proper. Clay County Bank v. Simrall (A.), 259 S.W.2d 422.

Notes of Decisions
Cited in 3 cases, 1952–1993 · leading case: Kearney Com. Bank v. Deiter, 407 S.W.2d 575 (Mo. Ct. App. 1966).
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Kearney Com. Bank v. Deiter, 407 S.W.2d 575 (Mo. Ct. App. 1966). · cites it 12× “Section 362.360 V.A.M.S. entitled, “Interpleader in certain actions — funds may remain in bank — Costs”, provides, in part, as follows: “In all actions against any bank to recover for moneys on deposit therewith, if there be any person or persons, not *581 parties to the action,…”
Heinrich v. South Side Nat'l Bank, 250 S.W.2d 345 (Mo. 1952). · cites it 4× “) Defendant’s interpleader was brought under Section 362.360, and did not ask that the money be paid into court so that defendant could “be struck out as a party to the action and its liability for such deposit shall cease” as authorized by this statute.”
Rushing v. S. Missouri Bank, 859 S.W.2d 211 (Mo. Ct. App. 1993). · cites it 2× “Motion pleads, inter alia, that SMB is entitled to be “stricken from the pleadings” per § 362.360, RSMo 1986 (in-terpleader by bank), in that SMB paid into court the deposit which is the subject of the action.”
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