Meyer v. Mandalay Shores Cooperative Housing Ass'n (In re Mandalay Shores Cooperative Housing Ass'n)

TJOFLAT, Chief Judge:

In this interpleader case arising out of a bankruptcy action, a savings bank seeks attorneys’ fees for its role as a putative innocent stakeholder. The bankruptcy court denied the bank’s application for fees, finding instead that the bank’s involvement in the interpleader action was a noncompensable cost of doing business; the district court affirmed. We vacate the district court’s decision and remand the case for further proceedings.

I

Mandalay Shores Cooperative Housing Association, Inc. (“Mandalay”) is a non-profit corporation under Fla.Stat. Ch. 617.01 (1991) and a…