
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 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.
