2018 US Code
Title 28 - Judiciary and Judicial Procedure
Part IV - Jurisdiction and Venue
Chapter 87 - District Courts; Venue
Sec. 1401 - Stockholder's derivative action
| 28 U.S.C. § 1401 (2018) |
| §1401. Stockholder's derivative action |
|
Any civil action by a stockholder on behalf of his corporation may be prosecuted in any judicial district where the corporation might have sued the same defendants. |
|
(June 25, 1948, ch. 646, 62 Stat. 936.) |
|
HISTORICAL AND REVISION NOTES
Based on title 28, U.S.C., 1940 ed., §112 (part) (Mar. 3, 1911, ch. 231, §51, 36 Stat. 1101; Sept. 19, 1922, ch. 345, 42 Stat. 849; Mar. 4, 1925, ch. 526, §1, 43 Stat. 1264; Apr. 16, 1936, ch. 230, 49 Stat. 1213). For disposition of other provisions of section 112 of title 28, U.S.C., 1940 ed., see reviser's note under section 1391 of this title. Words "civil action" were substituted for "suit," in view of Rule 2 of the Federal Rules of Civil Procedure. Words "other than said corporation," after "same defendants," were omitted as superfluous. Obviously a corporation would not be suing itself. Changes were made in phraseology. |
| United States Code, 2018 Edition, Title 28 - JUDICIARY AND JUDICIAL PROCEDURE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 28 - JUDICIARY AND JUDICIAL PROCEDURE PART IV - JURISDICTION AND VENUE CHAPTER 87 - DISTRICT COURTS; VENUE Sec. 1401 - Stockholder's derivative action |
| section 1401 |
| 2018 |
| January 14, 2019 |
| Yes |
| standard |
| 36 Stat. 1101 42 Stat. 849 43 Stat. 1264 49 Stat. 1213 62 Stat. 936 |
