You are here

RULE 7067-1

REGISTRY FUND – DEPOSITS OTHER THAN UNCLAIMED FUNDS

  1. Whenever a party seeks a Court order for money to be deposited by the Clerk in an interest-bearing account or investment, the party shall file with the Clerk’s Office a motion and submit a proposed order.
  2. If the Court issues the order, the Clerk is authorized and directed to deduct from the income earned on the deposit a fee not to exceed that authorized by the Judicial Conference of the United States and set by the Director of the Administrative Office of the U.S. Courts in accordance with the schedule which shall be published periodically by the Director in the Federal Register. This fee shall apply to all registry fund investments regardless of the nature of the case underlying the investment at the conclusion of the case.

    Note: See Standing and Administrative Orders, available online, regarding procedures, fee information, and tax administration policies specific to registry funds.

 

Advisory Committee Notes
2023 Amendment

The amended rule includes stylistic changes to clarify the scope of the rule and refer to applicable forms and the Local Rules Links page that provides links to various Official Forms and Local Forms.  At the time of this amendment, the applicable Standing Order governing registry funds is Amended Standing Order No. 21.
 

2020 Amendment

The amended rule includes only stylistic changes. The format of subdivisions is changed to maintain a consistent style across all rules. An advisory note has been added directing parties to current information located on the Court’s website for registry-fund policies.