15-U.S.C.-146
§146 – General Powers of Corporation
Pathway
Title 15 > Chapter 4 > Section 146
Details
- Reference: Section 146
- Legend: §146 – General Powers of Corporation
- USCode Year: 2013
Provision Content
In addition to the powers granted elsewhere in this chapter, a China Trade Act corporation—
(a) Shall have the right of succession during the existence of the corporation;
(b) Shall have a corporate seal and may, with the approval of the Secretary, alter it;
(c) May sue and be sued;
(d) Shall have the right to transact the business authorized by its articles of incorporation and such further business as is properly connected therewith or necessary and incidental thereto;
(e) May make contracts and incur liabilities;
(f) May acquire and hold real or personal property, necessary to effect the purpose for which it is formed, and dispose of such property when no longer needed for such purposes;
(g) May borrow money and issue its notes, coupon or registered bonds, or other evidences of debt, and secure their payment by a mortgage of its property; and
(h) May establish such branch offices at such places in China as it deems advisable.
(Sept. 19, 1922, ch. 346, §6, 42 Stat. 851; Feb. 26, 1925, ch. 345, §6, 43 Stat. 996.)
Amendments
1925—Par. (b). Act Feb. 26, 1925, substituted Shall for May.
Treaty
Par. (h) of this section has been affected by the 1943 Treaty between United States of America and the Republic of China, 57 Stat. 767, in which the United States relinquished all extraterritorial jurisdiction and rights in China. See Codification note set out under section 142 of this title.
U.S. Encyclopedia of Law Coverage
15-U.S.C.-141 in the Legal Encyclopedia: Trade Law
In this entry about 15-U.S.C.-141, find legal reference material, bibliographies and premiere content related to trade law in the American Encyclopedia of Law, presenting a comprehensive view of the United States trade law-specific issues, written by authorities in the field.
Chapter 7 – Exclusion of Chinese in the Legal Encyclopedia: China
In this entry about Chapter 7 – Exclusion of Chinese, find legal reference material, bibliographies and premiere content related to china in the American Encyclopedia of Law, presenting a comprehensive view of the United States china-specific issues, written by authorities in the field.
Leave a Reply