§ 150. Stockholders’ meetings

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 § 10 · 42 Stat. 849

   Enacted · 15 U.S.C. § 150

   Sept. 19, 1922, ch. 346, § 10, 42 Stat. 852

   Source evidence

   Code source credit
   Sept. 19, 1922, ch. 346, § 10, 42 Stat. 852

   Enacted provision · exact public law section
   Sec. 10. stockholders’ meetings. (a) Within six months after the issuance of the certificate of incorporation of a China Trade Act corporation there shall be held a stockholders’ meeting either at the principal office or a branch office of the corporation. Such meeting shall be called by a majority of the directors named in the articles of incorporation and each stock-holder shall be given at least ninety days’ notice of the meeting either in person or by mail. The holders of two-thirds of the voting shares shall constitute a quorum at such meeting authorized to transact Adoption of by-laws. business. At this meeting or an adjourned meeting thereof a code of by-laws for the corporation shall be adopted by a majority of the voting shares represented at the meeting. (b) The following Questions shall be determined only by the stock-holders at a stockholders’ meeting: (1) Adoption of the by-laws; (2) Amendments to the articles of incorporation or by-laws; (3) Authorization of the sale of the entire business of the corporation or of an independent branch of such business; (4) Authorization of the voluntary dissolution of the corporation; and (5) Authorization of application for the extension of the period of duration of the corporation. (c) The adoption of any such amendment or authorization shall require the approval of at least two-thirds of the voting shares. Certificate of Secretary required. No amendment to the articles of incorporation or authorization for dissolution or extension shall take effect until (1) the corporation files a certificate with the Secretary stating the action taken, in such manner and form as shall be by regulation prescribed, and (2) such amendment or authorization is found and certified by the Secretary to conform to the requirements of this Act. (d) A certified copy of the by-laws and amendments thereof and of the minutes of all stockholders’ meetings of the corporation shall be filed with the registrar.

2. undated

   Public Law not identified

   Inserted · 15 U.S.C. § 150(a)

   Subsec. (a). Act Feb. 26, 1925, inserted “, represented in person or by proxy,” in third sentence

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

   Source evidence

   Code amendment note
   Subsec. (a). Act Feb. 26, 1925, inserted “, represented in person or by proxy,” in third sentence.

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