Federal Deposit Insurance v. Hinkson

OPINION OF THE COURT

WEIS, Circuit Judge.*

In this case, a federal agency — assignee of a note — filed suit after the federal statute of limitations had lapsed but within the time allowed by state law. The district court entered summary judgment against the agency. We hold that in pursuing a viable claim, a federal agency is bound by the terms of the federal statute of limitations, which may not be lengthened or shortened by a state enactment. Accordingly, the judgment will be affirmed.

The facts in this case are few and uncomplicated. Defendants executed a note in favor of the Farmer’s Bank of…