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U.S. Code, Title 28, Judiciary and Judicial Procedure
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 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., § 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.
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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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 1348. Banking Association as Party," U.S. Code, Title 28, Judiciary and Judicial Procedure in U.S. Code, Title 28, Judiciary and Judicial Procedure (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed January 3, 2025, http://originalsources.com/Document.aspx?DocID=UTH5GDEI9FNU5Z6.
MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 1348. Banking Association as Party." U.S. Code, Title 28, Judiciary and Judicial Procedure, in U.S. Code, Title 28, Judiciary and Judicial Procedure, Washington, D.C., Government Printing Office, 2002, Original Sources. 3 Jan. 2025. http://originalsources.com/Document.aspx?DocID=UTH5GDEI9FNU5Z6.
Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 1348. Banking Association as Party' in U.S. Code, Title 28, Judiciary and Judicial Procedure. cited in 2002, U.S. Code, Title 28, Judiciary and Judicial Procedure, Government Printing Office, Washington, D.C.. Original Sources, retrieved 3 January 2025, from http://originalsources.com/Document.aspx?DocID=UTH5GDEI9FNU5Z6.
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