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.
Feb. 18, 1875, ch. 80, § 118 Stat. 320Mar. 3, 1911, ch. 231, § 29136 Stat. 1167Pub. L. 97–320, title IV, § 40696 Stat. 1512Pub. L. 97–457, § 20(a)96 Stat. 2509(R.S. § 5198; , ; , ; , , ; , , .)
Editorial Notes
Codification
act Feb. 18, 1875, ch. 80, § 118 Stat. 320act June 3, 1864, ch. 106, § 5713 Stat. 116section 38 of this titleThe last sentence of R.S. § 5198, as added by , , appears to have been derived from , , which was the National Bank Act. See .
act Feb. 18, 1875, ch. 80, § 118 Stat. 320section 86 of this titleSection is comprised of last sentence of R.S. § 5198 as added by , . The remaining sentences of R.S. § 5198 are classified to .
Act , conferred powers and duties of former circuit courts on district courts.
Amendments
Pub. L. 97–320Pub. L. 97–4571982—, as amended by , 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.”
Statutory Notes and Related Subsidiaries
Effective Date of 1983 Amendment
Pub. L. 97–457, § 20(b)96 Stat. 2509