2016 US Code
Title 15 - Commerce and Trade
Chapter 4 - China Trade
Sec. 148 - Payment of stock in real or personal property
| 15 U.S.C. § 148 (2016) |
| §148. Payment of stock in real or personal property |
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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. |
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(Sept. 19, 1922, ch. 346, §8, 42 Stat. 851.) |
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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. |
| United States Code, 2012 Edition, Supplement 4, Title 15 - COMMERCE AND TRADE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 15 - COMMERCE AND TRADE CHAPTER 4 - CHINA TRADE Sec. 148 - Payment of stock in real or personal property |
| section 148 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 42 Stat. 851 43 Stat. 995 |
