§ 1348. — Banking association as party.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 28USC1348]
TITLE 28--JUDICIARY AND JUDICIAL PROCEDURE
PART IV--JURISDICTION AND VENUE
CHAPTER 85--DISTRICT COURTS; JURISDICTION
Sec. 1348. Banking association as party
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.
(June 25, 1948, ch. 646, 62 Stat. 933.)
Historical and Revision Notes
Based on title 28, U.S.C., 1940 ed., Sec. 41(16) (Mar. 3, 1911, ch.
231, Sec. 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.
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, Sec. 1, eff. July 31, 1950, 15 F.R. 4935, 64 Stat. 1280. See
section 321(c)(2) of Title 31, Money and Finance.
