§ 146. General powers of corporation

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1922

   China Trade Act, 1922

   Pub. L. 67–346 § 6 · 42 Stat. 849

   Enacted · 15 U.S.C. § 146

   Sept. 19, 1922, ch. 346, § 6, 42 Stat. 851

   Source evidence

   Code source credit
   Sept. 19, 1922, ch. 346, § 6, 42 Stat. 851

   Enacted provision · exact public law section
   Sec. 6. general powers. In addition to the powers granted elsewhere in this Act, a General corporate powers. China Trade Act corporation— (a) Shall have the right of succession during the existence of the corporation; (b) May have a corporate seal and alter it at pleasure; (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.

2. undated

   Public Law not identified

   Substituted · 15 U.S.C. § 146(b)

   Par. (b). Act Feb. 26, 1925, substituted “Shall” for “May”

   Unresolved: No Public Law or Statutes at Large citation in the Code source.

   Source evidence

   Code amendment note
   Par. (b). Act Feb. 26, 1925, substituted “Shall” for “May”.

1 of 2 references resolved to an enrolled provision · 1 unresolved