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In Mercantile National Bank v. Langdeau, the United States Supreme Court interpreted the venue provision of the National Bank Act to be fully effective and mandatory. Thus, national banks may be sued only in the district or county where they are established. The terms "established" and...
Persistent link: https://www.econbiz.de/10013249892
The Supreme Court decided in Citizens & Southern National Bank v. Bougas that for purposes of state-court venue, a national bank is located either in the county where the bank is chartered or in any county where it conducts branch banking. The Court's holding, however, applied only to suits...
Persistent link: https://www.econbiz.de/10013249894