28 U.S.C. § 1349 — Corporation organized under federal law as party
submitted 78 years ago by ch. 646 to r/title-28-JUDICIARY-AND-JUDICIAL-PROCEDURE · 45 words · no verdicts yet
Federal district courts do not gain jurisdiction over a civil case merely because a corporation was created under federal law. The exception is when the United States owns more than half of the corporation’s capital stock.
District* courts do not have jurisdiction over a civil action by or against a corporation merely because it was incorporated by or under an Act of Congress, unless the United States owns more than one-half of its capital stock.
The district* courts shall not have jurisdiction of any civil action by or against any corporation upon the ground that it was incorporated by or under an Act of Congress, unless the United States is the owner of more than one-half of its capital stock.
Source credit: (June 25, 1948, ch. 646, 62 Stat. 934.)
- 1948Enacted · Act of June 25, 1948, ch. 646 · 62 Stat. 934
A history note hasn’t been published yet. The record shows enactment by ch. 646 on 1948-06-25.
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