2013 US Code
Title 15 - Commerce and Trade
Chapter 4 - CHINA TRADE (§§ 141 - 162)
Section 151 - Directors
| Publication Title | United States Code, 2012 Edition, Supplement 1, Title 15 - COMMERCE AND TRADE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 15 - COMMERCE AND TRADE CHAPTER 4 - CHINA TRADE Sec. 151 - Directors |
| Contains | section 151 |
| Date | 2013 |
| Laws in Effect as of Date | January 16, 2014 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Sept. 19, 1922, ch. 346, §11, 42 Stat. 852. |
| Statutes at Large Reference | 42 Stat. 852 |
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The directors designated in the articles of incorporation shall, until their successors take office, direct the exercise of all powers of a China Trade Act corporation except such as are conferred upon the stockholders by law or by the articles of incorporation or bylaws of the corporation. Thereafter the directors elected in accordance with the bylaws of the corporation shall direct the exercise of all powers of the corporation except such as are so conferred upon the stockholders. In the exercise of such powers the directors may appoint and remove and fix the compensation of such officers and employees of the corporation as they deem advisable.
(Sept. 19, 1922, ch. 346, §11, 42 Stat. 852.)
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