Title 12 — Banks and Banking
Part B · Chapter 23 — Farm Credit System
§ 2258. Jurisdiction
Statutory text
Each institution of the System shall for the purposes of jurisdiction be deemed to be a citizen of the State, commonwealth, or District of Columbia in which its principal office is located.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Farm Credit Act of 1971
Pub. L. 92–181 title V § 5 · 85 Stat. 583
Enacted · 12 U.S.C. § 2258
Pub. L. 92–181, title V, § 5.23, formerly § 5.24, Dec. 10, 1971, 85 Stat. 624
Source evidence
Code source credit
Pub. L. 92–181, title V, § 5.23, formerly § 5.24, Dec. 10, 1971, 85 Stat. 624Enacted provision · exact public law section
(5) Acquire, hold, dispose, and otherwise exercise all the usual incidents of ownership of real and personal property necessary or convenient to its business.Pub. L. 94–184 § 1(b) · 89 Stat. 1060
Struck · 12 U.S.C. § 2258
Pub. L. 94–184 struck out provisions prohibiting district court jurisdiction on the basis of incorporation under this Act or prior Federal law, and prohibiting jurisdiction except in cases by or against the United States or one of its officers, or against a person over whom State courts have no jurisdiction and except in cases by or against a receiver or conservator appointed under this chapter
Source evidence
Code amendment note
Pub. L. 94–184 struck out provisions prohibiting district court jurisdiction on the basis of incorporation under this Act or prior Federal law, and prohibiting jurisdiction except in cases by or against the United States or one of its officers, or against a person over whom State courts have no jurisdiction and except in cases by or against a receiver or conservator appointed under this chapter.
1 of 2 references resolved to an enrolled provision · 1 partial
Editorial Notes
Prior Provisions
A prior section 5.23 of Pub. L. 92–181 was renumbered section 5.22 and is classified to section 2257 of this title.
Amendments
1975—Pub. L. 94–184 struck out provisions prohibiting district court jurisdiction on the basis of incorporation under this Act or prior Federal law, and prohibiting jurisdiction except in cases by or against the United States or one of its officers, or against a person over whom State courts have no jurisdiction and except in cases by or against a receiver or conservator appointed under this chapter.
Credits
1971–1985 · 3 acts
- 1971Pub. L. 92–181, title V, § 5.23, formerly § 5.24, , 85 Stat. 624
- 1975Pub. L. 94–184, § 1(b), , 89 Stat. 1060
- 1985renumbered § 5.23, Pub. L. 99–205, title II, § 203(b), , 99 Stat. 1694.
Show as published
(Pub. L. 92–181, title V, § 5.23, formerly § 5.24, , 85 Stat. 624; Pub. L. 94–184, § 1(b), , 89 Stat. 1060; renumbered § 5.23, Pub. L. 99–205, title II, § 203(b), , 99 Stat. 1694.)