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28 U.S.C. § 1453 — Removal of class actions

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28 U.S.C. § 1453 — Removal of class actions

Page 404 TITLE 28—JUDICIARY AND JUDICIAL PROCEDURE § 1450 HISTORICAL AND REVISION NOTES 1948 ACT Based on title 28, U.S.C., 1940 ed., § 78 (Mar. 3, 1911, ch. 231, § 35, 36 Stat. 1098). Changes were made in phraseology. 1949 ACT This section corrects a typographical error by elimi- nating from section 1449 of title 28, U.S.C., the words ‘‘any attachment or sequestration of the’’, which had been inadvertently included, and inserting in lieu thereof the words, ‘‘and the clerk of such State court, upon’’. Editorial Notes AMENDMENTS 1949—Act May 24, 1949, substituted ‘‘and the clerk of such State court, upon’’ for ‘‘any attachment or se- questration of the’’. § 1450. Attachment or sequestration; securities Whenever any action is removed from a State court to a district court of the United States, any attachment or sequestration of the goods or estate of the defendant in such action in the State court shall hold the goods or estate to an- swer the final judgment or decree in the same manner as they would have been held to answer final judgment or decree had it been rendered by the State court. All bonds, undertakings, or security given by either party in such action prior to its removal shall remain valid and effectual notwith- standing such removal. All injunctions, orders, and other proceedings had in such action prior to its removal shall re- main in full force and effect until dissolved or modified by the district court. (June 25, 1948, ch. 646, 62 Stat. 940.) HISTORICAL AND REVISION NOTES Based on title 28, U.S.C., 1940 ed., § 79 (Mar. 3, 1911, ch. 231, § 36, 36 Stat. 1098). Changes were made in phraseology. § 1451. Definitions For purposes of this chapter— (1) The term ‘‘State court’’ includes the Supe- rior Court of the District

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Source location: USCODE-2024-title28-partIV-chap89-sec1453.pdf

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Page 404 TITLE 28—JUDICIARY AND JUDICIAL PROCEDURE § 1450 HISTORICAL AND REVISION NOTES 1948 ACT Based on title 28, U.S.C., 1940 ed., § 78 (Mar. 3, 1911, ch. 231, § 35, 36 Stat. 1098). Changes were made in phraseology. 1949 ACT This section corrects a typographical error by elimi- nating from section 1449 of title 28, U.S.C., the words ‘‘any attachment or sequestration of the’’, which had been inadvertently included, and inserting in lieu thereof the words, ‘‘and the clerk of such State court, upon’’. Editorial Notes AMENDMENTS 1949—Act May 24, 1949, substituted ‘‘and the clerk of such State court, upon’’ for ‘‘any attachment or se- questration of the’’. § 1450. Attachment or sequestration; securities Whenever any action is removed from a State court to a district court of the United States, any attachment or sequestration of the goods or estate of the defendant in such action in the State court shall hold the goods or estate to an- swer the final judgment or decree in the same manner as they would have been held to answer final judgment or decree had it been rendered by the State court. All bonds, undertakings, or security given by either party in such action prior to its removal shall remain valid and effectual notwith- standing such removal. All injunctions, orders, and other proceedings had in such action prior to its removal shall re- main in full force and effect until dissolved or modified by the district court. (June 25, 1948, ch. 646, 62 Stat. 940.) HISTORICAL AND REVISION NOTES Based on title 28, U.S.C., 1940 ed., § 79 (Mar. 3, 1911, ch. 231, § 36, 36 Stat. 1098). Changes were made in phraseology. § 1451. Definitions For purposes of this chapter— (1) The term ‘‘State court’’ includes the Supe- rior Court of the District of Columbia. (2) The term ‘‘State’’ includes the District of Columbia. (Added Pub. L. 91–358, title I, § 172(d)(1), July 29, 1970, 84 Stat. 591.) Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective first day of seventh calendar month which begins after July 29, 1970, see section 199(a) of Pub. L. 91–358, set out as an Effective Date of 1970 Amendment note under section 1257 of this title. § 1452. Removal of claims related to bankruptcy cases (a) A party may remove any claim or cause of action in a civil action other than a proceeding before the United States Tax Court or a civil ac- tion by a governmental unit to enforce such governmental unit’s police or regulatory power, to the district court for the district where such civil action is pending, if such district court has jurisdiction of such claim or cause of action under section 1334 of this title. (b) The court to which such claim or cause of action is removed may remand such claim or cause of action on any equitable ground. An order entered under this subsection remanding a claim or cause of action, or a decision to not re- mand, is not reviewable by appeal or otherwise by the court of appeals under section 158(d), 1291, or 1292 of this title or by the Supreme Court of the United States under section 1254 of this title. (Added Pub. L. 98–353, title I, § 103(a), July 10, 1984, 98 Stat. 335; amended Pub. L. 101–650, title III, § 309(c), Dec. 1, 1990, 104 Stat. 5113.) Editorial Notes AMENDMENTS 1990—Subsec. (b). Pub. L. 101–650 inserted before pe- riod at end ‘‘by the court of appeals under section 158(d), 1291, or 1292 of this title or by the Supreme Court of the United States under section 1254 of this title’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective July 10, 1984, see section 122(a) of Pub. L. 98–353, set out as a note under section 151 of this title. § 1453. Removal of class actions (a) DEFINITIONS.—In this section, the terms ‘‘class’’, ‘‘class action’’, ‘‘class certification order’’, and ‘‘class member’’ shall have the meanings given such terms under section 1332(d)(1). (b) IN GENERAL.—A class action may be re- moved to a district court of the United States in accordance with section 1446 (except that the 1- year limitation under section 1446(c)(1) shall not apply), without regard to whether any defendant is a citizen of the State in which the action is brought, except that such action may be re- moved by any defendant without the consent of all defendants. (c) REVIEW OF REMAND ORDERS.— (1) IN GENERAL.—Section 1447 shall apply to any removal of a case under this section, ex- cept that notwithstanding section 1447(d), a court of appeals may accept an appeal from an order of a district court granting or denying a motion to remand a class action to the State court from which it was removed if applica- tion is made to the court of appeals not more than 10 days after entry of the order. (2) TIME PERIOD FOR JUDGMENT.—If the court of appeals accepts an appeal under paragraph (1), the court shall complete all action on such appeal, including rendering judgment, not later than 60 days after the date on which such appeal was filed, unless an extension is grant- ed under paragraph (3). (3) EXTENSION OF TIME PERIOD.—The court of appeals may grant an extension of the 60-day period described in paragraph (2) if— (A) all parties to the proceeding agree to such extension, for any period of time; or (B) such extension is for good cause shown and in the interests of justice, for a period not to exceed 10 days. Page 405 TITLE 28—JUDICIARY AND JUDICIAL PROCEDURE § 1455 1 So in original. Probably should be ‘‘77p(f)(3)’’. (4) DENIAL OF APPEAL.—If a final judgment on the appeal under paragraph (1) is not issued before the end of the period described in para- graph (2), including any extension under para- graph (3), the appeal shall be denied. (d) EXCEPTION.—This section shall not apply to any class action that solely involves— (1) a claim concerning a covered security as defined under section 16(f)(3) of the Securities Act of 1933 (15 U.S.C. 78p(f)(3) 1) and section 28(f)(5)(E) of the Securities Exchange Act of 1934 (15 U.S.C. 78bb(f)(5)(E)); (2) a claim that relates to the internal af- fairs or governance of a corporation or other form of business enterprise and arises under or by virtue of the laws of the State in which such corporation or business enterprise is in- corporated or organized; or (3) a claim that relates to the rights, duties (including fiduciary duties), and obligations relating to or created by or pursuant to any security (as defined under section 2(a)(1) of the Securities Act of 1933 (15 U.S.C. 77b(a)(1)) and the regulations issued thereunder). (Added Pub. L. 109–2, § 5(a), Feb. 18, 2005, 119 Stat. 12; amended Pub. L. 111–16, § 6(2), May 7, 2009, 123 Stat. 1608; Pub. L. 112–63, title I, § 103(d)(2), Dec. 7, 2011, 125 Stat. 762.) Editorial Notes AMENDMENTS 2011—Subsec. (b). Pub. L. 112–63 substituted ‘‘1446(c)(1)’’ for ‘‘1446(b)’’. 2009—Subsec. (c)(1). Pub. L. 111–16 substituted ‘‘not more than 10 days’’ for ‘‘not less than 7 days’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2011 AMENDMENT Amendment by Pub. L. 112–63 effective upon the expi- ration of the 30-day period beginning on Dec. 7, 2011, and applicable to any action or prosecution commenced on or after such effective date, with provisions for treatment of cases removed to Federal court, see sec- tion 105 of Pub. L. 112–63, set out as a note under sec- tion 1332 of this title. EFFECTIVE DATE OF 2009 AMENDMENT Amendment by Pub. L. 111–16 effective Dec. 1, 2009, see section 7 of Pub. L. 111–16, set out as a note under section 109 of Title 11, Bankruptcy. EFFECTIVE DATE Section applicable to any civil action commenced on or after Feb. 18, 2005, see section 9 of Pub. L. 109–2, set out as an Effective Date of 2005 Amendment note under section 1332 of this title. § 1454. Patent, plant variety protection, and copyright cases (a) IN GENERAL.—A civil action in which any party asserts a claim for relief arising under any Act of Congress relating to patents, plant vari- ety protection, or copyrights may be removed to the district court of the United States for the district and division embracing the place where the action is pending. (b) SPECIAL RULES.—The removal of an action under this section shall be made in accordance with section 1446, except that if the removal is based solely on this section— (1) the action may be removed by any party; and (2) the time limitations contained in section 1446(b) may be extended at any time for cause shown. (c) CLARIFICATION OF JURISDICTION IN CERTAIN CASES.—The court to which a civil action is re- moved under this section is not precluded from hearing and determining any claim in the civil action because the State court from which the civil action is removed did not have jurisdiction over that claim. (d) REMAND.—If a civil action is removed sole- ly under this section, the district court— (1) shall remand all claims that are neither a basis for removal under subsection (a) nor within the original or supplemental jurisdic- tion of the district court under any Act of Congress; and (2) may, under the circumstances specified in section 1367(c), remand any claims within the supplemental jurisdiction of the district court under section 1367. (Added Pub. L. 112–29, § 19(c)(1), Sept. 16, 2011, 125 Stat. 332.) Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section applicable to any civil action commenced on or after Sept. 16, 2011, see section 19(e) of Pub. L. 112–29, set out as an Effective Date of 2011 Amendment note under section 1295 of this title. § 1455. Procedure for removal of criminal pros- ecutions (a) NOTICE OF REMOVAL.—A defendant or de- fendants desiring to remove any criminal pros- ecution from a State court shall file in the dis- trict court of the United States for the district and division within which such prosecution is pending a notice of removal signed pursuant to Rule 11 of the Federal Rules of Civil Procedure and containing a short and plain statement of the grounds for removal, together with a copy of all process, pleadings, and orders served upon such defendant or defendants in such action. (b) REQUIREMENTS.—(1) A notice of removal of a criminal prosecution shall be filed not later than 30 days after the arraignment in the State court, or at any time before trial, whichever is earlier, except that for good cause shown the United States district court may enter an order granting the defendant or defendants leave to file the notice at a later time. (2) A notice of removal of a criminal prosecu- tion shall include all grounds for such removal. A failure to state grounds that exist at the time of the filing of the notice shall constitute a waiver of such grounds, and a second notice may be filed only on grounds not existing at the time of the original notice. For good cause shown, the United States district court may grant relief from the limitations of this paragraph. (3) The filing of a notice of removal of a crimi- nal prosecution shall not prevent the State court in which such prosecution is pending from proceeding further, except that a judgment of

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 77b — Definitions; promotion of efficiency, competition, and capital formation

**(a) Definitions** When used in this subchapter, unless the context otherwise requires— (1) The term “security” means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security”, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing. (2) The term “person” means an individual, a corporation, a partnership, an association, a joint-stock company, a trust, any unincorporated organization, or a government or political subdivision thereof. As used in this paragraph the term “trust” shall include only a trust where the interest or interests of the beneficiary or beneficiaries are evidenced by a security. (3) The term “sale” or “sell” shall include every contract of sale or disposition of a security or interest in a security, for value. The term “offer to sell”, “offer for sale”, or “offer” shall include every attempt or offer to dispose of, or solicitation of an offer to buy, a security or interes

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15 U.S.C. § 77b — Definitions; promotion of efficiency, com-

Page 119 TITLE 15—COMMERCE AND TRADE § 77b 7025, set out as a note under section 301 of Title 3, The President. CHAPTER 2A—SECURITIES AND TRUST INDENTURES SUBCHAPTER I—DOMESTIC SECURITIES Sec. 77a. Short title. 77b. Definitions; promotion of efficiency, competi- tion, and capital formation. 77b–1. Swap agreements. 77c. Classes of securities under this subchapter. 77d. Exempted transactions. 77d–1. Requirements with respect to certain small transactions. 77e. Prohibitions relating to interstate commerce and the mails. 77f. Registration of securities. 77g. Information required in registration state- ment. 77h. Taking effect of registration statements and amendments thereto. 77h–1. Cease-and-desist proceedings. 77i. Court review of orders. 77j. Information required in prospectus. 77k. Civil liabilities on account of false registra- tion statement. 77l. Civil liabilities arising in connection with prospectuses and communications. 77m. Limitation of actions. 77n. Contrary stipulations void. 77o. Liability of controlling persons. 77p. Additional remedies; limitation on remedies. 77q. Fraudulent interstate transactions. 77r. Exemption from State regulation of securi- ties offerings. 77r–1. Preemption of State law. 77s. Special powers of Commission. 77t. Injunctions and prosecution of offenses. 77u. Hearings by Commission. 77v. Jurisdiction of offenses and suits. 77w. Unlawful representations. 77x. Penalties. 77y. Jurisdiction of other Government agencies over securities. 77z. Separability. 77z–1. Private securities litigation. 77z–2. Application of safe harbor for forward-look- ing statements. 77z–2a. Conflicts of interest relating to certain securitizations. 77z–3. General exemptive authority. 77z

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 78bb — Effect on existing law

**(a) Limitation on judgments** (1) **In general** — No person permitted to maintain a suit for damages under the provisions of this chapter shall recover, through satisfaction of judgment in 1 or more actions, a total amount in excess of the actual damages to that person on account of the act complained of. Except as otherwise specifically provided in this chapter, nothing in this chapter shall affect the jurisdiction of the securities commission (or any agency or officer performing like functions) of any State over any security or any person insofar as it does not conflict with the provisions of this chapter or the rules and regulations under this chapter. (2) **Rule of construction** — Except as provided in subsection (f), the rights and remedies provided by this chapter shall be in addition to any and all other rights and remedies that may exist at law or in equity. (3) **State bucket shop laws** — No State law which prohibits or regulates the making or promoting of wagering or gaming contracts, or the operation of “bucket shops” or other similar or related activities, shall invalidate— (A) any put, call, straddle, option, privilege, or other security subject to this chapter (except any security that has a pari-mutuel payout or otherwise is determined by the Commission, acting by rule, regulation, or order, to be appropriately subject to such laws), or apply to any activity which is incidental or related to the offer, purchase, sale, exercise, settlement, or closeout of any such security; (B) any security-based swap between eligible contract participants; or (C) any security-based swap effected on a national securities exchange registered pursuant to [section 78f(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-secti

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 78bb — Effect on existing law

Page 450 TITLE 15—COMMERCE AND TRADE § 78aa–1 stituted ‘‘United States District Court for the District of Columbia’’ for ‘‘district court of the United States for the District of Columbia’’. Pub. L. 100–181 struck out reference to the United States District Court for the District of Columbia. Previously, such words had been editorially eliminated as superfluous in view of section 132(a) of Title 28, Judiciary and Judicial Proce- dure, which provides that ‘‘There shall be in each judi- cial district a district court which shall be a court of record known as the United States District Court for the district’’, and section 88 of Title 28 which provides that ‘‘the District of Columbia constitutes one judicial district’’. AMENDMENTS 2010—Pub. L. 111–203, § 929P(b)(2), designated existing provisions as subsec. (a), inserted heading, and added subsec. (b). Pub. L. 111–203, § 929E(b), inserted ‘‘In any action or proceeding instituted by the Commission under this chapter in a United States district court for any judi- cial district, a subpoena issued to compel the attend- ance of a witness or the production of documents or tangible things (or both) at a hearing or trial may be served at any place within the United States. Rule 45(c)(3)(A)(ii) of the Federal Rules of Civil Procedure shall not apply to a subpoena issued under the pre- ceding sentence.’’ after ‘‘defendant may be found.’’ 1987—Pub. L. 100–181 struck out ‘‘, the United States District Court for the District of Columbia,’’ after ‘‘dis- trict courts of the United States’’ and substituted ‘‘sec- tions 1254, 1291, 1292, and 1294 of title 28’’ for ‘‘sections 128 and 240 of the Judicial Code, as amended (U.S.C., title 28, secs. 225 and 347)’’. See Codification note above. Statutory Notes and Related

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 78p — Directors, officers, and principal stockholders

**(a) Disclosures required** (1) **Directors, officers, and principal stockholders required to file** — Every person who is directly or indirectly the beneficial owner of more than 10 percent of any class of any equity security (other than an exempted security) which is registered pursuant to section 78l of this title, or who is a director or an officer of the issuer of such security (including, solely for the purposes of this subsection, every person who is a director or an officer of a foreign private issuer, as that term is defined in section 240.3b–4 of title 17, Code of Federal Regulations, or any successor regulation), shall file the statements required by this subsection with the Commission. (2) **Time of filing** — The statements required by this subsection shall be filed— (A) at the time of the registration of such security on a national securities exchange or by the effective date of a registration statement filed pursuant to section 78l(g) of this title; (B) within 10 days after he or she becomes such beneficial owner, director, or officer, or within such shorter time as the Commission may establish by rule; (C) if there has been a change in such ownership, or if such person shall have purchased or sold a security-based swap agreement involving such equity security, before the end of the second business day following the day on which the subject transaction has been executed, or at such other time as the Commission shall establish, by rule, in any case in which the Commission determines that such 2-day period is not feasible; or (D) with respect to a foreign private issuer, the securities of which are, as of December 18, 2025, registered pursuant to subsection (b) or (g) of section 78l of this title, on the date that is 90 days after December 18

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15 U.S.C. § 78p — Directors, officers, and principal stock-

Page 389 TITLE 15—COMMERCE AND TRADE § 78p 2 See References in Text note below. eral Housing Finance Agency shall jointly define the term ‘‘qualified residential mort- gage’’ for purposes of this subsection, taking into consideration underwriting and product features that historical loan performance data indicate result in a lower risk of de- fault, such as— (i) documentation and verification of the financial resources relied upon to qualify the mortgagor; (ii) standards with respect to— (I) the residual income of the mort- gagor after all monthly obligations; (II) the ratio of the housing payments of the mortgagor to the monthly income of the mortgagor; (III) the ratio of total monthly install- ment payments of the mortgagor to the income of the mortgagor; (iii) mitigating the potential for pay- ment shock on adjustable rate mortgages through product features and underwriting standards; (iv) mortgage guarantee insurance or other types of insurance or credit enhance- ment obtained at the time of origination, to the extent such insurance or credit en- hancement reduces the risk of default; and (v) prohibiting or restricting the use of balloon payments, negative amortization, prepayment penalties, interest-only pay- ments, and other features that have been demonstrated to exhibit a higher risk of borrower default. (C) Limitation on definition The Federal banking agencies, the Com- mission, the Secretary of Housing and Urban Development, and the Director of the Fed- eral Housing Finance Agency in defining the term ‘‘qualified residential mortgage’’, as re- quired by subparagraph (B), shall define that term to be no broader than the definition ‘‘qualified mortgage’’ as the term is defined under section 129C(c)(2) of the Truth in Lending Act,

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Federal law — U.S. Code and appendices · legal_authorities

28 U.S.C. § 1453 — Removal of class actions

**(a) Definitions.—** In this section, the terms “class”, “class action”, “class certification order”, and “class member” shall have the meanings given such terms under section 1332(d)(1). **(b) In General.—** A class action may be removed to a district court of the United States in accordance with section 1446 (except that the 1-year limitation under section 1446(c)(1) shall not apply), without regard to whether any defendant is a citizen of the State in which the action is brought, except that such action may be removed by any defendant without the consent of all defendants. **(c) Review of Remand Orders.—** (1) **In general.—** — Section 1447 shall apply to any removal of a case under this section, except that notwithstanding section 1447(d), a court of appeals may accept an appeal from an order of a district court granting or denying a motion to remand a class action to the State court from which it was removed if application is made to the court of appeals not more than 10 days after entry of the order. (2) **Time period for judgment.—** — If the court of appeals accepts an appeal under paragraph (1), the court shall complete all action on such appeal, including rendering judgment, not later than 60 days after the date on which such appeal was filed, unless an extension is granted under paragraph (3). (3) **Extension of time period.—** — The court of appeals may grant an extension of the 60-day period described in paragraph (2) if— (A) all parties to the proceeding agree to such extension, for any period of time; or (B) such extension is for good cause shown and in the interests of justice, for a period not to exceed 10 days. (4) **Denial of appeal.—** — If a final judgment on the appeal under paragraph (1) is not issued before the end of the period des

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