Title 15 — Commerce and Trade
Chapter 4 — China Trade
§ 154. Investigations by registrar; revocation of certificate of incorporation
Statutory text
The registrar may, in order to ascertain if the affairs of a China Trade Act corporation are conducted contrary to any provision of this chapter, or any other law, or any treaty of the United States, or the articles of incorporation or bylaws of the corporation, investigate the affairs of the corporation. The registrar, whenever he is satisfied that the affairs of any China Trade Act corporation are or have been so conducted, may institute in the United States Court for China proceedings for the revocation of the certificate of incorporation of the corporation. The court may revoke such certificate if it finds the affairs of such corporation have been so conducted. Pending final decision in the revocation proceedings the court may at any time, upon application of the registrar or upon its own motion, make such orders in respect to the conduct of the affairs of the corporation as it deems advisable.
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.
China Trade Act, 1922
Pub. L. 67–346 § 14 · 42 Stat. 849
Enacted · 15 U.S.C. § 154
(Sept. 19, 1922, ch. 346, § 14, 42 Stat. 853.)
Source evidence
Code source credit
(Sept. 19, 1922, ch. 346, § 14, 42 Stat. 853.)Enacted provision · exact public law section
Sec. 14. revocation of certificate of incorporation. The registrar may, in order to ascertain if the affairs Investigation of affairs by registrar. of a China Trade Act corporation are conducted contrary to any provision of this Act, or any other law, or any treaty of the United fates, or the articles of incorporation or by-laws of the corporation, investigate the affairs of the corporation. The registrar, whenever Institution of proceedings in Court for China, he is satisfied that the affairs of any China Trade Act corporation are or have been so conducted, may institute in the United States Court for China proceedings for the revocation of the certificate of incorporation of the corporation. The court may revoke such certificate Jurisdiction of court. if it finds the affairs of such corporation have been so conducted. Pending final decision in the revocation proceedings the court may, at any time, upon application of the registrar or upon its own motion, make such orders in respect to the conduct of the affairs of the corporation as it deems advisable.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
United States Court for China, referred to in text, has been abolished. See Codification note set out under section 142 of this title.
Credits
(Sept. 19, 1922, ch. 346, § 14, 42 Stat. 853.)