For diversity purposes,a corporation is considered a resident of its state of incorporation AND the state in which it has its principal place of business.

Question

Quizplus · Accepted Answer

This is known as the "nerve center" test and is used to determine a corporation's state of residency for diversity jurisdiction purposes. A corporation is considered a resident of both the state of incorporation and the state in which it has its nerve center, or principal place of business.

For Diversity Purposes,a Corporation Is Considered a Resident of Its