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U.S. Code, Title 12, Banks and Banking
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 2279aa–14. Federal Jurisdiction
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.
(Pub. L. 92–181, title VIII, § 8.14, as added Pub. L. 100–233, title VII, § 702, Jan. 6, 1988, 101 Stat. 1705.)
Contents:
Chicago:
"U.S. Congress, Office of the Law Revision Counsel", "§ 2279aa– 14. Federal Jurisdiction," U.S. Code, Title 12, Banks and Banking in U.S. Code, Title 12, Banks and Banking (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed July 5, 2025, http://www.originalsources.com/Document.aspx?DocID=DBWA6ZRHXJCG8PC.
MLA:
"U.S. Congress, Office of the Law Revision Counsel". "§ 2279aa– 14. Federal Jurisdiction." U.S. Code, Title 12, Banks and Banking, in U.S. Code, Title 12, Banks and Banking, Washington, D.C., Government Printing Office, 2002, Original Sources. 5 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=DBWA6ZRHXJCG8PC.
Harvard:
"U.S. Congress, Office of the Law Revision Counsel", '§ 2279aa– 14. Federal Jurisdiction' in U.S. Code, Title 12, Banks and Banking. cited in 2002, U.S. Code, Title 12, Banks and Banking, Government Printing Office, Washington, D.C.. Original Sources, retrieved 5 July 2025, from http://www.originalsources.com/Document.aspx?DocID=DBWA6ZRHXJCG8PC.
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