RULE 7067-1 REGISTRY FUND

(a)     Clerk's Office to Maintain Registry Account. Pursuant to Bankruptcy Rule 7067, all interpleader funds or funds in the nature of an interpleader proceeding must be deposited into the Court registry.  The clerk's office must deposit the funds in an interest-bearing account to be disbursed only upon further order of the Court.

(b)     Registry Fee. Pursuant to 28 U.S.C. § 1930, the clerk's office can deduct from income earned on registry funds in an interest-bearing account a fee not exceeding that authorized by the Judicial Conference of the United States and set by the Director of the Administrative Office in accordance with the schedule published periodically by the Director in the Federal Register.  The clerk's office will withdraw the fee at the final distribution of funds upon a valid order and deposit it into the United States Treasury. 

(Eff. 7/1/2010)