Page:United States Statutes at Large Volume 100 Part 1.djvu/298

From Wikisource
Jump to navigation Jump to search
This page needs to be proofread.

PUBLIC LAW 99-000—MMMM. DD, 1986

100 STAT. 262

Courts, U.S.

PUBLIC LAW 99-272—APR. 7, 1986

process of a court upon a trustee or an administrator of a singleemployer plan in such trustee's or administrator's capacity as such shall constitute service upon the plan. If a plan has not designated in the summary plan description of the plan an individual as agent for the service of legal process, service upon any contributing sponsor of the plan shall constitute such service. Any money judgment under this section against a single-employer plan shall be enforceable only against the plan as an entity and shall not be enforceable against any other person unless liability against such person is established in such person's individual capacity. "(c) JURISDICTION AND VENUE.—The district courts of the United States shall have exclusive jurisdiction of civil actions under this section. Such actions may be brought in the district where the plan is administered, where the violation took place, or where a defendant resides or may be found, and process may be served in any other district where a defendant resides or may be found. The district courts of the United States shall have jurisdiction, without regard to the amount in controversy or the citizenship of the parties, to grant the relief provided for in subsection (a) in any action. "(d) RIGHT OF CORPORATION TO INTERVENE.—A copy of the complaint or notice of appeal in any action under this section shall be served upon the corporation by certified mail. The corporation shall have the right in its discretion to intervene in any action. "(e) AWARDS OF COSTS AND EXPENSES.— "(1) GENERAL RULE.—In any action brought under this sec-

tion, the court in its discretion may award all or a portion of the costs and expenses incurred in connection with such action, including reasonable attorney's fees, to any party who prevails or substantially prevails in such action. "(2) EXEMPTION FOR PLANS.—Notwithstanding the preceding

provisions of this subsection, no plan shall be required in any action to pay any costs and expenses (including attorney's fees). "(f) LIMITATION ON ACTIONS.—

"(1) IN GENERAL.—Except as provided in paragraph (3), an action under this section may not be brought after the later of— "(A) 6 years after the date on which the cause of action arose, or "(B) 3 years after the applicable date specified in paragraph (2). "(2) APPLICABLE DATE.—

"(A) GENERAL RULE.—Except as provided in subparagraph (B), the applicable date specified in this paragraph is the earliest date on which the plaintiff acquired or should have acquired actual knowledge of the existence of such cause of action. "(B) SPECIAL RULE FOR PLAINTIFFS WHO ARE FIDUCIARIES.—

In the case of a plaintiff who is a fiduciary bringing the action in the exercise of fiduciary duties, the applicable date specified in this paragraph is the date on which the plaintiff became a fiduciary with respect to the plan if such date is later than the date described in subparagraph (A). "(3) CASES OF FRAUD OR CONCEALMENT.—In the case of fraud or concealment, the period described in paragraph (1)(B) shall be extended to 6 years after the applicable date specified in paragraph (2).". (b) CIVIL ACTIONS INVOLVING THE PENSION BENEFIT GUARANTY CORPORATION.—