TITLE

Circuit Split Emerges over National Banks' Citizenship

AUTHOR(S)
Whiting, Gran F.
PUB. DATE
January 2012
SOURCE
Litigation News;Winter2012, Vol. 37 Issue 2, p22
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a case Wells Fargo Bank NA v. WMR e-PIN LLC, in which the U.S. Court of Appeals for Eighth Circuit announced that location of a national bank's main office rather than its principal place of business determines citizenship for diversity purposes. Wells Fargo's dual citizenship destroyed federal subject matter jurisdiction under 28 U.S.C. section 1332(a)(1) (Section 1332). The Circuit determined the statutory framework governing national banks preceding Section 1348.
ACCESSION #
75040835

 

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