Newflower Market, Inc. v. Cook

Opinion by

Judge HAWTHORNE.

Defendant, Elizabeth C. Cook, appeals the trial court's entry of summary judgment for plaintiff, Newflower Market, Inc. We affirm.

In this case of first impression in Colorado, we consider whether "the generally accepted rule" that "interest ceases to accrue on funds deposited by a stakeholder in an interpleader action during the time the funds are on deposit with the court," Vento v. Colorado National Bank, 985 P.2d 48, 51 (Colo.App.1999) (statutory interest), applies to contractual interest. We conclude that it does when the funds are properly interpleaded.

I.…