15-U.S.C.-148
§148 – Payment of Stock In Real Or Personal Property
Pathway
Title 15 > Chapter 4 > Section 148
Details
- Reference: Section 148
- Legend: §148 – Payment of Stock In Real Or Personal Property
- USCode Year: 2013
Provision Content
No share of stock of a China Trade Act corporation shall, for the purposes of section 147 of this title or of subdivision (d) of section 144 of this title, be held paid in real or personal property unless (1) a certificate describing the property and stating the value at which it is to be received has been filed by the corporation with the Secretary or the registrar in such manner as shall be by regulation prescribed, and a fee to be fixed by the Secretary or the registrar, respectively, to cover the cost of any necessary investigation has been paid, and (2) the Secretary or the registrar, as the case may be, finds and has certified to the corporation that such value is not more than the fair market value of the property.
(Sept. 19, 1922, ch. 346, §8, 42 Stat. 851.)
References in Text
Subdivision (d) of section 144 of this title, referred to in text, was in the original paragraph (7) of subdivision (b) of section 4, which is classified to section 144(b)(7) of this title. Part of the provisions of par. (7) were transferred to subd. (d) of section 144 by act Feb. 26, 1925, ch. 345, §§3, 5, 43 Stat. 995.
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.
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