Asked by kyaira jackson on Jun 12, 2024
Verified
For purposes of diversity jurisdiction, a corporation is not considered a citizen of any particular state.
Diversity Jurisdiction
Federal courts' authority to hear lawsuits involving parties from different states or countries, based on their diversity of citizenship.
Corporation
A firm that is authorized by statute to act as a legal entity separate and distinct from its owners (shareholders).
- Comprehend the consequences that jurisdiction has for companies functioning across various states or nations.
Verified Answer
ST
Stephanie TorresJun 15, 2024
Final Answer :
False
Explanation :
For purposes of diversity jurisdiction, a corporation is considered a citizen of both the state where it is incorporated and the state where it has its principal place of business.
Learning Objectives
- Comprehend the consequences that jurisdiction has for companies functioning across various states or nations.
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