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.
Ind. Code § 28-9-5-3
Interpleader
Applied in 1 court decision — leading case Porter Development, LLC v. First National Bank of Valparaiso (2007)
Most recently applied in Porter Development, LLC v. First National Bank of Valparaiso (May 2007)
As added by P.L.258-1989, SEC.2.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.