Midway Corporation is incorporated in Delaware,but it has its principal place of business in Minnesota.It does much of its business in California.For purposes of diversity of citizenship,Midway is a resident of:

Question

Quizplus · Accepted Answer

For diversity jurisdiction purposes, a corporation is considered a resident of both the state where it is incorporated and the state where it has its principal place of business. Therefore, Midway Corporation, incorporated in Delaware and with its principal place of business in Minnesota, is considered a resident of both Delaware and Minnesota.

Midway Corporation Is Incorporated in Delaware,but It Has Its Principal