Laws: Cases and Codes : U.S. Code : Title 28 : Section 1335


   
U.S. Code as of: 01/19/04
Section 1335. Interpleader

      (a) The district courts shall have original jurisdiction of any
    civil action of interpleader or in the nature of interpleader filed
    by any person, firm, or corporation, association, or society having
    in his or its custody or possession money or property of the value
    of $500 or more, or having issued a note, bond, certificate, policy
    of insurance, or other instrument of value or amount of $500 or
    more, or providing for the delivery or payment or the loan of money
    or property of such amount or value, or being under any obligation
    written or unwritten to the amount of $500 or more, if
      (1) Two or more adverse claimants, of diverse citizenship as
    defined in section 1332 of this title, are claiming or may claim to
    be entitled to such money or property, or to any one or more of the
    benefits arising by virtue of any note, bond, certificate, policy
    or other instrument, or arising by virtue of any such obligation;
    and if (2) the plaintiff has deposited such money or property or
    has paid the amount of or the loan or other value of such
    instrument or the amount due under such obligation into the
    registry of the court, there to abide the judgment of the court, or
    has given bond payable to the clerk of the court in such amount and
    with such surety as the court or judge may deem proper, conditioned
    upon the compliance by the plaintiff with the future order or
    judgment of the court with respect to the subject matter of the
    controversy.
      (b) Such an action may be entertained although the titles or
    claims of the conflicting claimants do not have a common origin, or
    are not identical, but are adverse to and independent of one
    another.



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