12 U.S.C. § 2258
Jurisdiction
Each institution of the System shall for the purposes of jurisdiction be deemed to be a citizen of the State, commonwealth, or District of Columbia in which its principal office is located.
Notes of Decisions
Cited in 22
cases, 1975–2020 · leading case: Navy Fed. Credit Union v. LTD Fin. Servs., LP, 972 F.3d 344 (4th Cir. 2020).
Navy Fed. Credit Union v. LTD Fin. Servs., LP, 972 F.3d 344 (4th Cir. 2020). “§ 24301 (b); 12 U.S.C. § 2258 . 12 But these statutes do not implicate the canon against surplusage (nor do they conflict with § 1332(c)(1)).”
Apple v. Miami Valley Prod. Credit Ass'n, 614 F. Supp. 119 (S.D. Ohio 1985). “12 U.S.C. § 2258 (1971). This provision of the Act was deleted in 1975.”
Birbeck v. S. New England Prod. Credit Ass'n, 606 F. Supp. 1030 (D. Conn. 1985). “See 12 U.S.C. § 2258 . 9 *1041 Further, while the need for a common federal policy throughout the United States for the regulation of interstate operation of telephone and transportation services has been made clear by Congress, there has been no analogous need expressed for…”
Baltimore Bank for Cooperatives v. Farmers Cheese Coop. & Commonwealth of Pennsylvania Milk Mktg. Bd., 583 F.2d 104 (3rd Cir. 1978). “12 U.S.C. § 2258 . The Bank, during the pendency of a chapter XI proceeding filed by Country Belle Cooperative Farmers (“Country Belle”), advanced funds to Country Belle and with the bankruptcy court’s approval obtained an assignment of, inter alia, accounts receivable from the…”
Hartman v. Farmers Prod. Credit Ass'n, 628 F. Supp. 218 (S.D. Ind. 1983). “Moreover, 12 U.S.C. § 2258 suggests that the Congress contemplated that production credit associations would use the state courts and be governed by state laws in most controversies.”
Navy Fed. Credit Union v. LTD, 368 F. Supp. 3d 889 (E.D. Va. 2019). “583 , 624 (1971) (codified at 12 U.S.C. § 2258 ). Importantly, the legislative history reveals that Congress passed this statute to "give PCAs the same access to the Federal district courts as is enjoyed by private citizens, corporations and other legal entities.”
In Re Hoag Ranches, Debtor. Hoag Ranches v. Stockton Prod. Credit Ass'n, 846 F.2d 1225 (9th Cir. 1988). “§ 2093 , and for purposes of jurisdiction are deemed to be citizens of the state in which their principal office is located, 12 U.S.C. § 2258 . They have the same access to federal district courts as private corporations.”
Dairyland Fin. Corp. v. Fed. Intermediate Credit Bank of St. Paul, 852 F.2d 242 (7th Cir. 1988). “12 U.S.C. § 2258 . The parties agree that Wisconsin law governs this case.”
Kolb v. Naylor, 658 F. Supp. 520 (N.D. Iowa 1987). “Each institution is a citizen of the state in which its principal office is located, 12 U.S.C. § 2258 , and has the authority to make loans without day-to-day supervision by the FCA.”
South Cent. Iowa Prod. Credit Ass'n v. Scanlan, 380 N.W.2d 699 (Iowa 1986). “The 1975 amendment to 12 U.S.C. § 2258 , striking the prohibition against federal court jurisdiction over PCA’s, was intended to provide PCA’s with access to federal courts; it had no apparent effect on the long-standing jurisdiction of the state courts.”
Aberdeen Prod. Credit Ass'n v. Jarrett Ranches, Inc., 638 F. Supp. 534 (D.S.D. 1986). “12 U.S.C. § 2258 (1971). Although the removal of this restriction was apparently motivated in part by a recognition that improved transportation and communication would make available to everyone ready access to federal district courts, see 1975 U.”
Fed. Land Bank of Columbia v. Cotton, 410 F. Supp. 169 (N.D. Ga. 1975). “Defendant divines this intention from 12 U.S.C. § 2258 of the Act which stipulates that “ * * * No district court of the United States shall have jurisdiction of any action or suit by or against any production credit association upon the ground that it was incorporated under…”
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