Rules and statutes require or permit involved parties to deposit funds into a court or voluntarily present a motion for funds to be placed in the custody of the court. For a court to receive and deposit registry funds, the involved parties must show the authority to make the deposit via a court order. Examples include:
- deposit orders under Fed. R. Civ. P. 67 (Deposit into court);
- real or personal property condemnation proceedings (see: Fed. R. Civ. P. 71.1(j) (Condemning real or personal property));
- cost bonds on appeal in a civil case under Fed. R. App. P. 7 (Bond for costs on appeal in a civil case); or
- interpleader actions under 28 U.S.C. § 1335 (Interpleader)
Registry funds are not automatically placed in an interest-bearing account. Please refer to Civil Local Rule 67. Security; Deposit Into court; Withdrawal of Monies; Registry Fee. Upon conclusion of the case, you may be required to provide IRS Form W9 for interest reporting requirements.