Two Types of Registry Funds: Interpleader and Liquidity
Interpleader Funds aka Disputed Ownership Funds - governed by Standing Order 16-1
Registry fund transactions in adversary actions involving interpleader funds from a third party with no interest in the funds--a party who will not be a potential recipient of the funds
Use the following events for handling deposits into and disbursements out of this fund:
Interpleader Deposit--motion to deposit funds
Interpleader Disbursement--motion to disburse funds
Note: Interpleader funds, deposited under 28 U.S.C. § 1335, meet the IRS definition of Disputed Ownership Fund, and are subject to certain tax requirements and rules regarding claims for expenses.
Liquidity Fund for Non-Interpleader Deposits
Registry fund transactions involving funds provided by a party claiming an interest in the funds--a party who is a potential recipient of the funds
Use the following events for handling deposits into and disbursements out of this fund:
Deposit Funds into Court Registry--motion to deposit funds
Generic Motion--used for motion to disburse funds from the Liquidity Fund
It is important to select the correct motion event. Orders will also specify which registry fund is being used.
Please contact the Clerk's Office if you have questions.
Email: Finance@ksb.uscourts.gov
OR
Mail: Attention: Finance
167 U.S. Courthouse
401 N. Market
Wichita, KS 67202