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LegalText 28 U.S.C. § 1349 Corporation organized under federal law as party us united_states_code code_section 28 JUDICIARY AND JUDICIAL PROCEDURE 85 DISTRICT COURTS; JURISDICTION 1349 28 U.S.C. § 1349 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc28@119-100.zip /us/usc/t28/s1349 data/legal/raw/us/code/title-28/usc28.xml eccfe121cb1e649682962840d4168844dc76af7396f27c74a94b0e931339c61f 3390f867a2c02f5d0c496269da780795fe19663a090a3040c64a9ee0a541cdcf db465cb1e99537457146fb026d3a344cb79d07f80e350f93d0d978519bbcc4cb 2026-07-04 official
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28 U.S.C. § 1349 - Corporation organized under federal law as party

Text

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.)

Notes

Historical and Revision NotesBased 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.