Question About Interpleader and Stakeholder

Question

Can a stakeholder (holding $) skip mediation and file interpleader if a dispute arises between 2 parties??

Answer 1

Yes.

In general, unless a contract with the stakeholder provides otherwise, a stakeholder can turn the asset held over to a court with ownership to be resolved in an interpleader action. It is common for a escrow agreement to specifically reserve that right to the escrow agent.