Local Rule LCvR 67.2: Disbursement of Registry Funds

LCvR 67.2 Disbursement of Registry Funds.

All checks drawn by the Court Clerk on deposits made in the registry of the Court shall be made payable to the order of the payee or payees as the name or names thereof shall appear in the orders of this Court providing for distribution.

Disbursements from the registry of the Court shall be made as soon as practicable upon receipt of order for disbursement except in cases where an order is appealable and must be held until the time for appeal has expired. Orders for disbursement shall be prepared for signature of the appropriate judge and presented to the Court Clerk for review and transmittal to the Court. Where more than one payee is to receive proceeds, the order will designate the apportionment applicable to each payee. Any proposed court order to disburse funds must include the payee's full name, complete address, and the amount, plus interest and less the applicable registry fee, to be disbursed to that payee. The proposed court order must be accompanied by a completed IRS Form W-9 (which shall be filed subject to restricted access) for each payee receiving interest.