Loyola Federal Savings Bank v. Fickling

How courts have described this case

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

• holding that that federally-chartered corporations lack state citizenship, and thus destroy diversity jurisdiction, “un- less the corporation’s activities [are] sufficiently ‘localized’ in one state”
• finding that one factor in favor of localization was presence of majority of secured property within one state
• accepting Feuchtwanger localization doctrine and expanding it to allow for some limited out-of-state activities for highly localized national corporations

Source: CourtListener parenthetical corpus (CC0).