Statutory Interpleader

Crushendo defines this key bar prep and civil procedure term.

What does statutory interpleader mean?

statutory interpleader – A way for property holders to sue parties who claim interest in that property under special rules. For example, subject matter jurisdiction exists if the property is worth at least $500 and there’s diversity between at least two claimants. Service and personal jurisdiction can be nationwide, and venue can be anywhere a claimant resides.

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