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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 28 U.S.C. § 1401 Stockholders derivative action us united_states_code code_section 28 JUDICIARY AND JUDICIAL PROCEDURE 87 DISTRICT COURTS; VENUE 1401 28 U.S.C. § 1401 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc28@119-100.zip /us/usc/t28/s1401 data/legal/raw/us/code/title-28/usc28.xml 8d995fb30ada12036c57703a00c9fd3ad50909940031b9f000b135ba9dd35b7e 3390f867a2c02f5d0c496269da780795fe19663a090a3040c64a9ee0a541cdcf 51ceb82229df8507f82ab54fafdb3912c1e229c5e6eb1334902e9c50707ec0a2 2026-07-04 official
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28 U.S.C. § 1401 - Stockholders derivative action

Text

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.)

Notes

Historical and Revision NotesBased 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 revisers 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.