Federal · Title 12 — Banks and Banking

12 U.S.C. § 2279aa: Federal jurisdiction

Read the full statutory text
The Corporation shall be considered an agency under sections 1345 and 1442 of such title. All civil actions to which the Corporation is a party shall be deemed to arise under the laws of the United States and, to the extent applicable, shall be deemed to be governed by Federal common law. The district courts of the United States shall have original jurisdiction of all such actions, without regard to amount of value. to the District Court of the United States for the district and division embracing the place where the same is pending; or if there is no such district court, to the District Court of the United States for the district in which the principal office of the Corporation is located; No attachment or execution shall be issued against the Corporation or any of the property of the Corporation before final judgment in any Federal, State, or other court.

Verify at the official source: Federal legislative text

Facing this? Know exactly what happens next.

MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.

This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.