2019 US Code
Title 28 - Judiciary and Judicial Procedure
Part V - Procedure
Chapter 113 - Process
Sec. 1695 - Stockholder's derivative action
| 28 U.S.C. § 1695 (2019) |
| §1695. Stockholder's derivative action |
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Process in a stockholder's action in behalf of his corporation may be served upon such corporation in any district where it is organized or licensed to do business or is doing business. |
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(June 25, 1948, ch. 646, 62 Stat. 945.) |
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HISTORICAL AND REVISION NOTES
Based on title 28, U.S.C., 1940 ed., §112 (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). The phrase "is organized or licensed to do business or is doing business" was substituted for the words "resides or is found," as more specific and to conform to section 1391 of this title. Venue provisions of section 112 of title 28, U.S.C., 1940 ed., appear in section 1391 and 1401 of this title. Other provisions are incorporated in section 1693 of this title. Changes were made in phraseology. |
| United States Code, 2018 Edition, Supplement 1, Title 28 - JUDICIARY AND JUDICIAL PROCEDURE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 28 - JUDICIARY AND JUDICIAL PROCEDURE PART V - PROCEDURE CHAPTER 113 - PROCESS Sec. 1695 - Stockholder's derivative action |
| section 1695 |
| 2019 |
| January 24, 2020 |
| Yes |
| standard |
| 36 Stat. 1101 42 Stat. 849 43 Stat. 1264 49 Stat. 1213 62 Stat. 945 |
