Questions: For purposes of diversity of citizenship, where does a corporation reside? Any state in which the corporation does business Only the state in which the corporation has its principal place of business The state of incorporation only Only the state in which the corporation has its principal place of business and the state of incorporation The state of incorporation and any state in which the corporation has its principal place of business and the state of incorporation

For purposes of diversity of citizenship, where does a corporation reside?

Any state in which the corporation does business

Only the state in which the corporation has its principal place of business

The state of incorporation only

Only the state in which the corporation has its principal place of business and the state of incorporation

The state of incorporation and any state in which the corporation has its principal place of business and the state of incorporation
Transcript text: For purposes of diversity of citizenship, where does a corporation reside? Any state in which the corporation does business Only the state in which the corporation has its principal place of business The state of incorporation only Only the state in which the corporation has its principal place of business and the state of incorporation The state of incorporation and any state in which the corporation has its principal place of business and the state of incorporation
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Solution

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Answer

The answer is: Only the state in which the corporation has its principal place of business and the state of incorporation

Explanation
Option 1: Any state in which the corporation does business

This option is incorrect. A corporation does not reside in every state where it conducts business for purposes of diversity jurisdiction. The concept of diversity of citizenship is more specific.

Option 2: Only the state in which the corporation has its principal place of business

This option is partially correct but incomplete. While a corporation is considered to reside in its principal place of business, it is not the only factor considered.

Option 3: The state of incorporation only

This option is also partially correct but incomplete. A corporation is considered to reside in its state of incorporation, but this is not the only factor.

Option 4: Only the state in which the corporation has its principal place of business and the state of incorporation

This option is correct. For purposes of diversity jurisdiction, a corporation is considered to reside in both its state of incorporation and the state where it has its principal place of business. This is based on the legal interpretation of corporate residency for diversity purposes.

Option 5: The state of incorporation and any state in which the corporation has its principal place of business and the state of incorporation

This option is incorrect because it redundantly mentions the state of incorporation twice and suggests that any state where the corporation has its principal place of business is included, which is not accurate. The correct interpretation is limited to the state of incorporation and the principal place of business.

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