California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 3 — Of the Parties to Civil Actions, Chapter 6 — Interpleader, Section 386.1
Where a deposit has been made pursuant to Section 386, the court shall, upon the application of any party to the action, order such deposit to be invested in an insured interest-bearing account. Interest on such amount shall be allocated to the parties in the same proportion as the original funds are allocated.
Notes
Requires the court, on a party’s application, to order money deposited under the referenced interpleader provision invested in an insured interest-bearing account. Requires the resulting interest to be allocated among the parties in the same proportions as the original deposited funds are ultimately allocated.
Use as reference
Lexinter.net | California Code, Code of Civil Procedure - CCP § 386.1 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-3/chapter-6/section-386-1