Federal Interpleader Act of 1917
Encyclopedia
The Federal Interpleader Act of 1917 was to allow a vexed and hounded “interpleader
” (i.e. go-between) in a legal dispute in which he or she had no vested personal interest, to turn the matter over to the Federal courts for arbitration
.
Interpleader
Interpleader is a form of action originally developed under equity jurisprudence. It allows a plaintiff to initiate a lawsuit in order to compel two or more other parties to litigate a dispute. An interpleader action originates when the plaintiff holds property on behalf of another, but does not...
” (i.e. go-between) in a legal dispute in which he or she had no vested personal interest, to turn the matter over to the Federal courts for arbitration
Arbitration
Arbitration, a form of alternative dispute resolution , is a legal technique for the resolution of disputes outside the courts, where the parties to a dispute refer it to one or more persons , by whose decision they agree to be bound...
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