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Banks & Banking – Federal-Question Jurisdiction – FDIC – Promissory Note Chain of Custody (access required)

Applied Bank v. Power Development LLC. (Lawyers Weekly No. 10-04-0851, 7 pp.) (Martin Reidinger, J.) W.D.N.C. Holding: Even though the promissory note at issue passed through the hands of the FDIC as receiver of the original lender, plaintiff's claim on the note does not involve a federal question. Remanded to state court. Facts Defendants removed this action from state ...


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