Code of Civil Procedure, 1908
88.Where interpleader suit may be instituted.-
Where two or more
persons claim adversely to one another the same debt, sum of money or other
property, movable or immovable, from another person, who claims no interest
therein other than for charges or costs and who is ready to pay or deliver it
to the rightful claimant, such other person may institute a suit of
interpleader against all the claimants for the purpose of obtaining a decision
as to the person to whom the payment or delivery shall be made and of obtaining
indemnity for himself:
Provided that where any suit is pending in
which the rights of all parties can properly be decided, no such suit of
interpleader shall be instituted.