In statutory interpleader, which statement is true?

• A. It requires complete diversity among all claimants
• B. The amount in controversy must be at least $75,000
• C. The amount in controversy must be at least $500 and only requires minimal diversity
• D. It requires no service of process

Answer: (C)

Statutory interpleader tests jurisdictional thresholds under 28 U.S.C. §1335. The key idea is that this route resolves competing claims to a single stake by providing federal court oversight with lighter diversity requirements. The amount in controversy must be at least $500, and the claimants need only minimal diversity—that is, at least two claimants from different states. This is different from the complete diversity required in some other contexts and far below the $75,000 threshold used for ordinary diversity jurisdiction. Also, service of process is required, and the statute permits nationwide service. So the statement that captures the true rule is: the amount in controversy must be at least $500 and only requires minimal diversity.