
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: 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.
