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12 U.S.C. § 2279aa-14 - U.S. Code - Unannotated Title 12. Banks and Banking § 2279aa-14. Federal jurisdiction

Current as of January 01, 2024 | Updated by Findlaw Staff

Notwithstanding section 1349 of Title 28 or any other provision of law:

(1) The Corporation shall be considered an agency under sections 1345 and 1442 of such title.

(2) All civil actions to which the Corporation is a party shall be deemed to arise under the laws of the United States and, to the extent applicable, shall be deemed to be governed by Federal common law. The district courts of the United States shall have original jurisdiction of all such actions, without regard to amount of value.

(3) Any civil or other action, case, or controversy in a court of a State or any court, other than a district court of the United States, to which the Corporation is a party may at any time before trial be removed by the Corporation, without the giving of any bond or security--

(A) to the District Court of the United States for the district and division embracing the place where the same is pending; or

(B) if there is no such district court, to the District Court of the United States for the district in which the principal office of the Corporation is located;

by following any procedure for removal for causes in effect at the time of such removal.

(4) No attachment or execution shall be issued against the Corporation or any of the property of the Corporation before final judgment in any Federal, State, or other court.

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Cite this article: FindLaw.com - 12 U.S.C. § 2279aa-14 - U.S. Code - Unannotated Title 12. Banks and Banking § 2279aa-14. Federal jurisdiction - last updated January 01, 2024 | https://codes.findlaw.com/us/title-12-banks-and-banking/12-usc-sect-2279aa-14/

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