The Act
United States District Courts have jurisdiction to hear suites in equity began by a bill of interpleader where:
- brought by insurance company, or fraternal beneficiary society
- duly verified
- the bill shows one or more person residing within the jurisdiction of the court is a bona fide claimant against the company or society
- the company or society made or issued an insurance policy or certificate of membership for the payment of at least $500
- to beneficiaries, heirs, next of kin, or legal representative of the insured person or member
- two or more adverse claimants, citizens of different states, are claiming or may claim entitlement to the insurance or benefits
- the company or society deposits the amount of such insurance or benefits with the clerk of the court.
The court may issue process to any claimant to the United States marshal of any district the claimant may reside or be found.
Read more about this topic: Federal Interpleader Act Of 1917
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