For diversity purposes, a corporation's principle place of business is the state of incorporation, or its "nerve center," the place where corporate officers direct and control the corporation's activities.

Question

Quizplus · Accepted Answer

This statement is true. The principle place of business or "nerve center" is where corporate officers direct and control the corporation's activities, and for diversity purposes, it is considered the state of incorporation.

For Diversity Purposes, a Corporation's Principle Place of Business Is