§ 1695. — Stockholder's derivative action.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 28USC1695]
TITLE 28--JUDICIARY AND JUDICIAL PROCEDURE
PART V--PROCEDURE
CHAPTER 113--PROCESS
Sec. 1695. Stockholder's derivative action
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.
(June 25, 1948, ch. 646, 62 Stat. 945.)
Historical and Revision Notes
Based on title 28, U.S.C., 1940 ed., Sec. 112 (Mar. 3, 1911, ch.
231, Sec. 51, 36 Stat. 1101; Sept. 19, 1922, ch. 345, 42 Stat. 849; Mar.
4, 1925, ch. 526, Sec. 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.
