National Bank Is Citizen Of State In Which Its Main Office Is Located
Question: For purposes of federal diversity jurisdiction, is a national bank a citizen of every state where it has a branch office?
No; only the state where its main office is located, according to the Supreme Court in Wachovia Bank National Association v. Schmidt __ U.S. __, 06 C.D.O.S. 444 (Jan. 17, 2006).
Continue Reading Questions & comments