National Bank of Georgia v. Kennesaw Life and Accident Insurance Company, Credit Management Association of Southern California

CLARK, Circuit Judge:

This appeal concerns an interpleader action filed by plaintiff-appellee National Bank of Georgia (NBG), disinterested stakeholder in a $450,000 bank account. NBG requested that the court below determine which of two claimants should receive the bank account. Defendant-appellee Credit Management Association claimed the account as receiver for Continental Organization of Medical, Professional and Technical Employees (COMPETE), an organization providing various insurance programs on a group basis to small employers and their employees. Credit Management argued that since the…