28 U.S.C. § 1348 — Banking association as party
submitted 78 years ago by ch. 646 to r/title-28-JUDICIARY-AND-JUDICIAL-PROCEDURE · 110 words · no verdicts yet
Federal district courts have original jurisdiction over specified actions brought by the United States against a national banking association, actions to wind up such an association, and certain injunction actions involving the Comptroller or a receiver. For other actions, a national banking association is treated as a citizen of the State where it is located.
District* courts have original jurisdiction over any civil action brought by the United States, or at an officer’s direction, against a national banking association; any civil action to wind up such an association’s affairs; and an action by a banking association established in the district to enjoin the Comptroller of the Currency, or a receiver acting under the Comptroller’s direction, as provided in chapter 2 of title 12. For all other actions by or against them, national banking associations are treated as citizens of the States where they are located.
The district* courts shall have original jurisdiction of any civil action commenced by the United States, or by direction of any officer thereof, against any national banking association, any civil action to wind up the affairs of any such association, and any action by a banking association established in the district for which the court is held, under chapter 2 of Title 12, to enjoin the Comptroller of the Currency, or any receiver acting under his direction, as provided by such chapter.
All national banking associations shall, for the purposes of all other actions by or against them, be deemed citizens of the States in which they are respectively located.
Source credit: (June 25, 1948, ch. 646, 62 Stat. 933.)
- 1948Enacted · Act of June 25, 1948, ch. 646 · 62 Stat. 933
A history note hasn’t been published yet. The record shows enactment by ch. 646 on 1948-06-25.
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