Chapter 317. To amend an Act entitled “An Act authorizing insurance companies or associations and fraternal beneficiary societies to file bills of interpleader,” approved February 22, 1917
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CHAP. 317.— An Act To amend an Act entitled “An Act authorizing insurance companies or associations and fraternal beneficiary societies to file bills of interpleader,” approved February 22, 1917. February 25, 1925.[[S. 2835](/us/bill/68/s/2835).][[Public, No. 465](/us/pl/68/465).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, * United States courts.Vol. 39, p. 929, amended. That an Act approved February 22, 1917, authorizing insurance companies and fraternal societies to file bills of interpleader be amended to read as follows:
" “Section 1. Insurance companies may file interpleader in district court to determine beneficiary, if claimants of different States. That the district courts of the United States shall have original jurisdiction to entertain and determine suits in equity begun by bills of interpleader, duly verified, filed by any insurance company or association or fraternal or beneficial society, and averring that one or more persons who are bona fide claimants against such company, association, or society resides or reside within the territorial jurisdiction of said court; that such company, association, or society has issued a policy of insurance or certificate of membership providing for the payment of $500 or more as insurance,Deposit in registry of court. indemnity, or benefits to a beneficiary, beneficiaries, or the heirs, next of kin, legal representatives, or assignee of the person insured or member; that two or more adverse claimants, citizens of different States, are claiming to be entitled to such insurance, indemnity, or benefits; that such company, association, or society has paid the amount thereof into the registry of the court, there to abide the judgment of the court.
“Sec. 2. Jurisdiction.If policy not assigned. In all such cases if the policy or certificate is drawn payable to the estate of the insured and has not been assigned in accordance with the terms of the policy or certificate the district court of the district of the residence of the personal representativeIf policy assigned. of the insured shall have jurisdiction of such suit. In case the policy or certificate has been assigned during the life of the insured in accordance with the terms of the policy or certificate, the district court of the district of the residence of the assignee or of his personalIf payable to a beneficiary, etc. representative shall have jurisdiction.
In case the policy or certificate is drawn payable to a beneficiary or beneficiaries and there has been no such assignment as aforesaid the jurisdiction shall be in the district court of the district in which the beneficiary orIf residents, of different districts. beneficiaries or their personal representatives reside. In case there are beneficiaries resident in more districts than one, then jurisdiction shall be in the district court in any district in which a beneficiary or the personal representative of a deceased beneficiary resides.
“Sec 3. Full power of court. Said court shall hear and determine the cause and shall discharge the complainant from further liability: and shall make the injunction permanent and enter all such other orders and decrees977 as may be suitable and proper, and issue all such customary writs as may be necessary or convenient to carry out and enforce the same.” " Approved, February 25, 1925.