Are National Banking Associations “Located” In and Thus Citizens of the States in Which They Operate Branch Offices?
Wachovia Bank, National Association v. Daniel G. Schmidt III, et al. Docket No. 04-1186 From: The Fourth Circuit Case at a Glance The federal diversity statute gives federal district courts original jurisdiction over suits between citizens of different states when the claim exceeds $75,000. Section 1348 of the statute provides that for purposes of most civil actions, national banking associations are citizens of the states in which they are “located.” The question for diversity purposes is whether such associations are “located’ in any state in which they operate a branch office or whether “located” denotes a more limited citizenship. • Previewed by Mary Phelan D’Isa, a professor at the T.M. Cooley Law School in Lansing, Michigan.
Related Questions
- Are National Banking Associations "Located" In and Thus Citizens of the States in Which They Operate Branch Offices?
- Where are U.P. Connection Federal Credit Union Branch offices located?
- Where are U.P. Connection Federal Credit Union Branch offices located?
- Does US DataVault support backing up remote office/branch offices?
- Where are the national offices for Retail Food Group Located?
- Where are the national offices for Retail Food Group Located?
