
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 28USC1401]

 
               TITLE 28--JUDICIARY AND JUDICIAL PROCEDURE
 
                     PART IV--JURISDICTION AND VENUE
 
                   CHAPTER 87--DISTRICT COURTS; VENUE
 
Sec. 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., Sec. 112 (part) (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).
    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.
