What is "multiplepoinding"

n. (context Scots law English) A legal action taken when there are several claimants to the same fund or property.

Multiplepoinding, (pronounced as if spelled multiple·pinnding) in Scots law, the technical term for a form of action by which conflicting claims to the same fund or property are determined.

The action is brought either by the holder or by a claimant in his name. All who have any claims in the fund or property in question are ordered to appear and give in their claims; the court then prefers them according to their respective rights, and the holder of the fund or property in dispute on payment or delivery is absolved from any further claim in regard to it. It corresponds to the process of interpleader in English law.

Multiplepoinding literally means double diligence. Poinding is in Scots law a diligence whereby a debtor's property is carried directly to a creditor.

Category:Legal terms