Navarro Savings Assn. v. Lee
Supreme Court of the United States
1Opinion of the CourtJustice Powell
The question is whether the trustees of a business trust may irivoke the diversity jurisdictión of the federal courts on the basis of their own citizenship, rather than that of the trust’s beneficial shareholders.
*459I
The respondents are eight individual trustees of Fidelity Mortgage Investors, a business trust organized under Massachusetts law.1 They hold title to real estate investments in trust for the benefit of Fidelity’s shareholders.2 The declaration of trust gives the respondents exclusive authority over this property “free from any power and control of the Shareholders, to the same…
2Cases cited20 opinions
- Strawbridge v. CurtissSupreme Court of the United States · 1806
- Morrissey v. CommissionerSupreme Court of the United States · 1935
- Great Southern Fire Proof Hotel Company v. JonesSupreme Court of the United States · 1899
- Bank of the United States v. DeveauxSupreme Court of the United States · 1809
- United Steelworkers of America v. R. H. Bouligny, Inc.Supreme Court of the United States · 1965
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3Cited by734 opinions
- Hertz Corp. v. FriendSupreme Court of the United States · 2010
- Carden v. Arkoma AssociatesSupreme Court of the United States · 1990
- Lincoln Property Co. v. RocheSupreme Court of the United States · 2005
- Morris Johnson, Jr. v. Columbia Properties Anchorage, Lp, Morris Johnson, Jr. v. Columbia Properties Anchorage, LpCourt of Appeals for the Ninth Circuit · 2006
- Americold Realty Trust v. ConAgra Foods, Inc.Supreme Court of the United States · 2016
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