North Carolina Motion to Withdraw Funds from the Court's Registry

State:
Multi-State
Control #:
US-03349BG
Format:
Word; 
Rich Text
Instant download

Description

A court may, on proper application, permit a party in the possession of money (or other valuable item capable of delivery) to deposit the money in court for various reasons including:


" to relieve the depositor of the responsibility of the funds;

" to avoid placing one party at a severe advantage during the period of litigation; and

" to preserve the funds in controversy to ensure that the prevailing party may receive the money it is awarded.

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FAQ

Disbursements. Disbursements are pursuant to Court Order or Florida Statutes. Upon receipt of a Court Order or Florida Statutes, a request to the Accounting department is prepared by the Clerk. After preparation of the request, disbursements are usually mailed within 15 working days.

The Court Registry handles deposits of: Funds for a minor awarded in a District Court case. The Court Registry will hold this money in trust until the minor turns 18 or upon further order of the court. Invested funds earn interest while uninvested funds do not.

The CRIS registry funds are pooled and used to purchase U.S. Treasury securities. These securities are held to maturity, and the portfolio is structured so that sufficient securities mature each week to pay out funds for all registry cases settled during the week.

You can contact the court clerk of the specific county where your case was filed to ask if there is a particular form that they require. If there is no required form, then you would file the Motion and Order to Withdraw Funds in the Registry of the Court.

In order to deposit funds in the registry of the Court a party must present an order of the Court authorizing the deposit. If the money is to be deposited in an interest bearing account, the order must specify that it is to be deposited in an interest bearing account.

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North Carolina Motion to Withdraw Funds from the Court's Registry