2020 US Code
Title 15 - Commerce and Trade
Chapter 4 - China Trade
Sec. 146 - General powers of corporation
| 15 U.S.C. § 146 (2020) |
| §146. General powers of corporation |
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In addition to the powers granted elsewhere in this chapter, a China Trade Act corporation— (a) Shall have the right of succession during the existence of the corporation; (b) Shall have a corporate seal and may, with the approval of the Secretary, alter it; (c) May sue and be sued; (d) Shall have the right to transact the business authorized by its articles of incorporation and such further business as is properly connected therewith or necessary and incidental thereto; (e) May make contracts and incur liabilities; (f) May acquire and hold real or personal property, necessary to effect the purpose for which it is formed, and dispose of such property when no longer needed for such purposes; (g) May borrow money and issue its notes, coupon or registered bonds, or other evidences of debt, and secure their payment by a mortgage of its property; and (h) May establish such branch offices at such places in China as it deems advisable. |
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(Sept. 19, 1922, ch. 346, §6, 42 Stat. 851; Feb. 26, 1925, ch. 345, §6, 43 Stat. 996.) |
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AMENDMENTS
1925—Par. (b). Act Feb. 26, 1925, substituted "Shall" for "May". TREATYPar. (h) of this section has been affected by the 1943 Treaty between United States of America and the Republic of China, 57 Stat. 767, in which the United States relinquished all extraterritorial jurisdiction and rights in China. See Codification note set out under section 142 of this title. |
| United States Code, 2018 Edition, Supplement 2, 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. 146 - General powers of corporation |
| section 146 |
| 2020 |
| January 13, 2021 |
| No |
| standard |
| 42 Stat. 851 43 Stat. 996 57 Stat. 767 |
