§ 1349. — Corporation organized under federal law 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: 28USC1349]
TITLE 28--JUDICIARY AND JUDICIAL PROCEDURE
PART IV--JURISDICTION AND VENUE
CHAPTER 85--DISTRICT COURTS; JURISDICTION
Sec. 1349. Corporation organized under federal law as party
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.
(June 25, 1948, ch. 646, 62 Stat. 934.)
Historical and Revision Notes
Based on title 28, U.S.C., 1940 ed., Sec. 42 (Feb. 13, 1925, ch.
229, Sec. 12, 43 Stat. 941).
Words ``civil action'' were substituted for ``action or suit,'' in
view of Rule 2 of the Federal Rules of Civil Procedure.
Minor changes were made in phraseology.
Section Referred to in Other Sections
This section is referred to in title 12 sections 1452, 2279aa-14.
