2015 US Code
Title 15 - Commerce and Trade (Sections 1 - 8405)
Chapter 4 - China Trade (Sections 141 - 162)
Sec. 151 - Directors

View Metadata


Publication TitleUnited States Code, 2012 Edition, Supplement 3, Title 15 - COMMERCE AND TRADE
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 15 - COMMERCE AND TRADE
Sec. 151 - Directors
Containssection 151
Laws In Effect As Of DateJanuary 3, 2016
Positive LawNo
Source CreditSept. 19, 1922, ch. 346, §11, 42 Stat. 852.
Statutes at Large Reference42 Stat. 852

Download PDF

15 U.S.C. § 151 (2015)

§151. Directors

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.)

Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.