Rankin v. Herod

Citations

• 130 F. 390
• 1904 U.S. App. LEXIS 4813

Syllabus

<p>1. National Banks — Actions by Receiver — Jurisdiction.</p> <p>Act Cong. March 3, 1875, c. 137, 18 Stat. 470, provides that the United States Circuit Courts shall have jurisdiction of suits in equity, where the matter in dispute exceeds $500, arising under the Constitution or laws of the United States. By Act March 3, 1887, c. 373, 24 Stat. 552 [U. S. Comp. St. 1901, p. 514], the limit of jurisdiction was raised to $2,000; but the act provided that such section should not be held to affect the jurisdiction of the courts of the United States in cases commenced by direction of any officer thereof, or cases for winding up the affairs of any national bank. Held, that the word “section,” as used in the act of 1887, should be construed to refer to the entire act, and therefore such act did not deprive United States Circuit Courts of jurisdiction of a suit in equity brought by a receiver of a national bank, where the amount involved exceeded $500, of which the court had jurisdiction under the former act</p> <p>1. Actions by and against receivers and agents of national banks, see note to McCartney v. Earle, 53 C. C. A. 398.</p>