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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.

  1. 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. 624

    Enacted 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.

  2. 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
  1. 1971Pub. L. 92–181, title V, § 5.23, formerly § 5.24, , 85 Stat. 624
  2. 1975Pub. L. 94–184, § 1(b), , 89 Stat. 1060
  3. 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.)

Parsed from the official OLRC USLM XML in data/usc_all/usc12.xml · release point 119-108 · OLRC build 2026-07-23

USLM identifier /us/usc/t12/s2258