In What State Is XYZ Bank, a Federally Chartered Bank

question 36

Multiple Choice

In what state is XYZ Bank, a federally chartered bank, considered a citizen?

• A) The bank is considered a citizen of any state in which it is located, meaning any state in which the bank has branches.
• B) The bank is considered a citizen of the state in which it is located, meaning the state in which its main office, as specified in its articles of incorporation, is located.
• C) The bank is considered a citizen only of Washington, D.C.
• D) The bank is considered a citizen only of the state in which it does its largest volume of business.
• E) The bank is considered a citizen of Washington, D.C. and also of the state in which it does its largest volume of business.

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Definitions:

Axil

The angle or area between the upper side of a leaf or stem and the supporting stem or branch.

Petiole

A slender stem that attaches the leaf blade to the plant stem, enabling nutrient and water transport.

Stem

The main body or stalk of a plant, which supports leaves, flowers, and fruits, and transports fluids between the roots and the rest of the plant.

Stipule

One of a pair of scalelike or leaflike structures found at the base of certain leaves.