§ 94. — Venue of suits.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC94]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER IV--REGULATION OF THE BANKING BUSINESS; POWERS AND DUTIES OF
NATIONAL BANKS
Sec. 94. Venue of suits
Any action or proceeding against a national banking association for
which the Federal Deposit Insurance Corporation has been appointed
receiver, or against the Federal Deposit Insurance Corporation as
receiver of such association, shall be brought in the district or
territorial court of the United States held within the district in which
that association's principal place of business is located, or, in the
event any State, county, or municipal court has jurisdiction over such
an action or proceeding, in such court in the county or city in which
that association's principal place of business is located.
(R.S. Sec. 5198; Feb. 18, 1875, ch. 80, Sec. 1, 18 Stat. 320; Mar. 3,
1911, ch. 231, Sec. 291, 36 Stat. 1167; Pub. L. 97-320, title IV,
Sec. 406, Oct. 15, 1982, 96 Stat. 1512; Pub. L. 97-457, Sec. 20(a), Jan.
12, 1983, 96 Stat. 2509.)
Codification
The last sentence of R.S. Sec. 5198, as added by act Feb. 18, 1875,
ch. 80, Sec. 1, 18 Stat. 320, appears to have been derived from act June
3, 1864, ch. 106, Sec. 57, 13 Stat. 116, which was the National Bank
Act. See section 38 of this title.
Section is comprised of last sentence of R.S. Sec. 5198 as added by
act Feb. 18, 1875, ch. 80, Sec. 1, 18 Stat. 320. The remaining sentences
of R.S. Sec. 5198 are classified to section 86 of this title.
Act Mar. 3, 1911, conferred powers and duties of former circuit
courts on district courts.
Amendments
1982--Pub. L. 97-320, as amended by Pub. L. 97-457, amended section
generally. Prior to amendment section read as follows: ``Actions and
proceedings against any association under this chapter may be had in any
district or Territorial court of the United States held within the
district in which such association may be established, or in any State,
county, or municipal court in the county or city in which said
association is located having jurisdiction in similar cases.''
Effective Date of 1983 Amendment
Section 20(b) of Pub. L. 97-457 provided that: ``The amendment made
by subsection (a) [amending this section] shall be deemed to have taken
effect upon the enactment of Public Law 97-320 [Oct. 15, 1982].''
