real party in interest

real party in interest
Person who will be entitled to benefits of action if successful, that is, the one who is actually and substantially interested in subject matter as distinguished from one who has only a nominal, formal, or technical interest in or connection with it. Maryland Cas. Co. v. King, Okl., 381 P.2d 153, 156.
Under the traditional test, a party is a "real party in interest" if it has the legal right under the applicable substantive law to enforce the claim in question. White Hall Bldg. Corp. v. Profexray Division of Litton Industries, Inc., D.C.Pa., 387 F.Supp. 1202, 1204.
Real party in interest within rule that every civil action in federal courts must be prosecuted in name of real party in interest is the one, who, under applicable substantive law, has legal right to bring suit, Boeing Airplane Co. v. Perry, C.A.Kan., 322 F.2d 589, 591;
and not necessarily person who will ultimately benefit from the recovery. First Nat. Bank of Chicago v. Mottola, D.C.I11., 302 F.Supp. 785, 791, 792.
See Fed.R.Civil P. 17.
Under Fed.R.Civil P. 17(a), a guardian, executor, bailee, and the like, may sue in his own name without joining the party for whom the action is brought.
See also parties
+ real party in interest
Fed.R. Civil P. 17(a) provides that every action shall be prosecuted by the "real party in interest." The adoption of this rule was intended to change the common law rule which permitted suit to be brought only in the name of the person having the legal title to the right of action, and thus precluded suit by persons who had only equitable or beneficial interests. Under the rule the "real party in interest" is the party who, by the substantive law, possesses the right sought to be enforced, and not necessarily the person who will ultimately benefit from the recovery. This is illustrated by the further language of the rule stating that executors, administrators, and other named representatives may sue in their own name without joining with them the party for whose benefit the action is brought.
See party

Black's law dictionary. . 1990.

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