FEDERAL · 28 U.S.C. · Chapter 85
Banking association as party
28 U.S.C. § 1348
Title28 — Judiciary and Judicial Procedure
Chapter85 — DISTRICT COURTS; JURISDICTION
This text of 28 U.S.C. § 1348 (Banking association as party) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
28 U.S.C. § 1348.
Text
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.
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Source Credit
History
(June 25, 1948, ch. 646, 62 Stat. 933.)
Editorial Notes
Historical and Revision Notes
Based on title 28, U.S.C., 1940 ed., §41(16) (Mar. 3, 1911, ch. 231, §24, par. 16, 36 Stat. 1092).
Words "any civil action" were substituted for "all cases," in view of Rule 2 of the Federal Rules of Civil Procedure.
Words "real, personal, or mixed, and all suits in equity," after "all other actions by or against them," were omitted as superfluous.
Executive Documents
Exception as to Transfer of Functions
Functions vested by any provision of law in the Comptroller of the Currency, referred to in this section, were not included in the transfer of functions of officers, agencies and employees of the Department of the Treasury to the Secretary of the Treasury, made by Reorg. Plan No. 26 of 1950, §1, eff. July 31, 1950, 15 F.R. 4935, 64 Stat. 1280. See section 321(c)(2) of Title 31, Money and Finance.
Based on title 28, U.S.C., 1940 ed., §41(16) (Mar. 3, 1911, ch. 231, §24, par. 16, 36 Stat. 1092).
Words "any civil action" were substituted for "all cases," in view of Rule 2 of the Federal Rules of Civil Procedure.
Words "real, personal, or mixed, and all suits in equity," after "all other actions by or against them," were omitted as superfluous.
Executive Documents
Exception as to Transfer of Functions
Functions vested by any provision of law in the Comptroller of the Currency, referred to in this section, were not included in the transfer of functions of officers, agencies and employees of the Department of the Treasury to the Secretary of the Treasury, made by Reorg. Plan No. 26 of 1950, §1, eff. July 31, 1950, 15 F.R. 4935, 64 Stat. 1280. See section 321(c)(2) of Title 31, Money and Finance.
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Bluebook (online)
28 U.S.C. § 1348, Counsel Stack Legal Research, https://law.counselstack.com/usc/28/1348.