US Laws, Codes, Statutes & Cases

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[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 15USC149]

 
                      TITLE 15--COMMERCE AND TRADE
 
                         CHAPTER 4--CHINA TRADE
 
Sec. 149. Bylaws

    The bylaws may provide--
    (a) The time, place, manner of calling, giving notice, and conduct 
of, and determination of a quorum for, the meetings, annual or special, 
of the stockholders or directors;
    (b) The number, qualifications, and manner of choosing and fixing 
the tenure of office and compensation of all directors; but the number 
of such directors shall be not less than three, and a majority of the 
directors, and the president and the treasurer, or each officer holding 
a corresponding office, shall, during their tenure of office, be 
citizens of the United States resident in China.
    (c) The manner of calling for and collecting payments upon shares of 
stock, the penalties and forfeitures for nonpayment, the preparation of 
certificates of the shares, the manner of recording their sale or 
transfer, and the manner of their representation at stockholders' 
meetings.

(Sept. 19, 1922, ch. 346, Sec. 9, 42 Stat. 852; Feb. 26, 1925, ch. 345, 
Sec. 8, 43 Stat. 996.)


                               Amendments

    1925--Par. (b). Act Feb. 26, 1925, amended par. (b) generally.