§1349. Corporation organized under federal law as party

The district courts shall not have jurisdiction of any civil action by or against any corporation upon the ground that it was incorporated by or under an Act of Congress, unless the United States is the owner of more than one-half of its capital stock.

(June 25, 1948, ch. 646, 62 Stat. 934 .)

Historical and Revision Notes

Based on title 28, U.S.C., 1940 ed., §42 (Feb. 13, 1925, ch. 229, §12, 43 Stat. 941 ).

Words "civil action" were substituted for "action or suit," in view of Rule 2 of the Federal Rules of Civil Procedure.

Minor changes were made in phraseology.

Cross References

Action arising under law of United States, see section 1331 of this title.

Action by agency of United States, see section 1345 of this title.

Action by or against-

Federal land banks, see section 2012 of Title 12, Banks and Banking.

Federal reserve banks, see section 632 of Title 12.

National banking association, see section 1348 of this title.

Section Referred to in Other Sections

This section is referred to in title 12 sections 1452, 2279aa–14.