28 USC 1349 - Sec. 1349. Corporation organized under federal law as party
28 USC - US Code - Title 28: Judiciary and Judicial Procedure (January 2003)
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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.
Historical And Revision Notes
Based on title 28, U.S.C., 1940 ed., Sec. 42 (Feb. 13, 1925, ch. 229, Sec. 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.
Section Referred To In Other Sections
This section is referred to in title 12 sections 1452, 2279aa-14.
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