28 USC 1401 – Stockholder’s derivative action
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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.
Terms Used In 28 USC 1401
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- judicial district: means the districts enumerated in Chapter 5 of this title. See 28 USC 451