American Surety Co. v. Bank of California

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that \located\ in predecessor of 28 U.S.C. sec. 1348 referred only to a national bank’s principal place of business
• concluding that Congress would have plainly stated any intent to effect noteworthy departure from the general rule
• holding that a national bank is \located\ only at its principal place of business under the 1887 Act, on analogy to the par- allel rule for corporations
• holding national bank with branch in Oregon was not citizen thereof for diversity purposes under predecessor of section 1348
• coming to the same result but on the theory payment by the surety company destroyed the claim by the principal against the bank so nothing remained to be assigned. A questionable theory to say the least

Source: CourtListener parenthetical corpus (CC0).