Volume 71
Public Law 85–199
To amend the Act of March 3, 1901, with respect to the citizenship and residence qualifications of the directors or trustees of certain companies in the District of Columbia.
Approved August 28, 1957
Statutory text
AN ACT
To amend the Act of March 3, 1901, with respect to the citizenship and residence qualifications of the directors or trustees of certain companies in the District of Columbia.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That section 736 of the Act entitled “An Act to establish a code of law for the District
of Columbia”, approved March 3, 1901 (D. C. Code, sec. 26–324), is amended by inserting “and citizens of the United States,” immediately after “be stockholders,” and by striking out “one-half residents and citizens of the District of Columbia,” and inserting in lieu thereof “two-thirds of whom shall reside in the District of Columbia or within one hundred miles of the location of the principal office of the company,”.
Approved August 28, 1957.