The Bank of Columbia v. Okely was a Supreme Court case that dealt with the issue of whether or not state-chartered banks could sue in federal court. The plaintiff, the Bank of Columbia, argued that it had been granted certain privileges and immunities by its charter from Congress which allowed it to bring suit in federal courts. The defendant, Okely, argued that since he was a citizen of Maryland and the bank was chartered by Congress under an act passed for "the District [of] Columbia," then any suits brought against him must be heard in state courts as per Article III Section 2 Clause 1 of the Constitution. In its ruling on this case, the Supreme Court held that although there were some restrictions placed upon citizens suing out-of-state corporations due to diversity jurisdiction requirements set forth in Article III Section 2 Clause 1 (which would have prevented this particular suit), these restrictions did not apply when dealing with federally chartered institutions such as banks because they are considered part of “the United States” rather than being separate entities subject to different laws depending on their location within individual states or territories. As such, they can bring suit wherever necessary without having to worry about jurisdictional issues related to diversity jurisdiction requirements set forth by Article III Section 2 Clause 1

In The Bank of Columbia v. Okely, the Supreme Court was tasked with determining whether a state-chartered bank could sue in federal court on an obligation created by its charter. Chief Justice John Marshall delivered the dissenting opinion, arguing that Congress had not given the courts jurisdiction over such cases and that it would be improper for them to do so without congressional authorization. He argued further that if this were allowed, then any other corporation or individual could bring suit in federal court against another state's laws or regulations without limitation. Marshall concluded his dissent by noting that allowing suits like these would create a conflict between states and undermine their sovereignty as well as disrupt interstate commerce since each state has different banking laws and regulations.