12 USC 1819 - Corporate powers

U.S Code last checked for updates: Apr 27, 2024

§ 1819.

Corporate powers

(a)

In general

(b)

Agency authority

(1)

Status

(2)

Federal court jurisdiction

(A)

In general

(B)

Removal

(C)

Appeal of remand

(D)

State actions

Except as provided in subparagraph (E), any action—

(i)

to which the Corporation, in the Corporation’s capacity as receiver of a State insured depository institution by the exclusive appointment by State authorities, is a party other than as a plaintiff;

(ii)

which involves only the preclosing rights against the State insured depository institution, or obligations owing to, depositors, creditors, or stockholders by the State insured depository institution; and

(iii)

in which only the interpretation of the law of such State is necessary,

shall not be deemed to arise under the laws of the United States.

(E)

Rule of construction

(3)

Service of process

(4)

Bonds or fees

(Sept. 21, 1950, ch. 967, § 2[9], 64 Stat. 881; Pub. L. 89–695, title II, § 205, Oct. 16, 1966, 80 Stat. 1055;

cite as: 12 USC 1819