28 USC § 1695 - Stockholder’s derivative action

---
identifier: "/us/usc/t28/s1695"
source: "usc"
legal_status: "official_legal_evidence"
title: "28 USC § 1695 - Stockholder’s derivative action"
title_number: 28
title_name: "JUDICIARY AND JUDICIAL PROCEDURE"
section_number: "1695"
section_name: "Stockholder’s derivative action"
chapter_number: 113
chapter_name: "PROCESS"
part_number: "V"
part_name: "PROCEDURE"
positive_law: true
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(June 25, 1948, ch. 646, 62 Stat. 945.)"
---


# § 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.

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**Source Credit**: (June 25, 1948, ch. 646, 62 Stat. 945.)

### Historical and Revision Notes

Based on title 28, U.S.C., 1940 ed., § 112 (, ; , ; , ; , ).

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 .

Venue provisions of , U.S.C., 1940 ed., appear in section 1391 and 1401 of this title. Other provisions are incorporated in .

Changes were made in phraseology.