
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC94]

 
                       TITLE 12--BANKS AND BANKING
 
                        CHAPTER 2--NATIONAL BANKS
 
SUBCHAPTER IV--REGULATION OF THE BANKING BUSINESS; POWERS AND DUTIES OF 
                             NATIONAL BANKS
 
Sec. 94. Venue of suits

    Any action or proceeding against a national banking association for 
which the Federal Deposit Insurance Corporation has been appointed 
receiver, or against the Federal Deposit Insurance Corporation as 
receiver of such association, shall be brought in the district or 
territorial court of the United States held within the district in which 
that association's principal place of business is located, or, in the 
event any State, county, or municipal court has jurisdiction over such 
an action or proceeding, in such court in the county or city in which 
that association's principal place of business is located.

(R.S. Sec. 5198; Feb. 18, 1875, ch. 80, Sec. 1, 18 Stat. 320; Mar. 3, 
1911, ch. 231, Sec. 291, 36 Stat. 1167; Pub. L. 97-320, title IV, 
Sec. 406, Oct. 15, 1982, 96 Stat. 1512; Pub. L. 97-457, Sec. 20(a), Jan. 
12, 1983, 96 Stat. 2509.)

                          Codification

    The last sentence of R.S. Sec. 5198, as added by act Feb. 18, 1875, 
ch. 80, Sec. 1, 18 Stat. 320, appears to have been derived from act June 
3, 1864, ch. 106, Sec. 57, 13 Stat. 116, which was the National Bank 
Act. See section 38 of this title.
    Section is comprised of last sentence of R.S. Sec. 5198 as added by 
act Feb. 18, 1875, ch. 80, Sec. 1, 18 Stat. 320. The remaining sentences 
of R.S. Sec. 5198 are classified to section 86 of this title.
    Act Mar. 3, 1911, conferred powers and duties of former circuit 
courts on district courts.


                               Amendments

    1982--Pub. L. 97-320, as amended by Pub. L. 97-457, amended section 
generally. Prior to amendment section read as follows: ``Actions and 
proceedings against any association under this chapter may be had in any 
district or Territorial court of the United States held within the 
district in which such association may be established, or in any State, 
county, or municipal court in the county or city in which said 
association is located having jurisdiction in similar cases.''


                    Effective Date of 1983 Amendment

    Section 20(b) of Pub. L. 97-457 provided that: ``The amendment made 
by subsection (a) [amending this section] shall be deemed to have taken 
effect upon the enactment of Public Law 97-320 [Oct. 15, 1982].''
