Finding that a national bank cannot be a citizen both of the state where it has its principal place of business as well as the state in which its main office is located, a federal judge has declined to remand a dispute involving JPMorgan Chase Bank to state court.
The court held that, because JPMorgan’s articles of association stated that its main office was in Ohio but its principal place of business was in New York, removal to federal court was proper in this case.
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