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15 U.S.C. § 146 — General powers of corporation
Federal law — U.S. Code and appendices · legal_authorities
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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Stable record: federal_law:legal_authorities:record_usc_db080e13cd09155c6f3c3f32
Source file: Laws/federal/codes/united-states-code/title-15/section-146-general-powers-of-corporation--6d47e83eff.md
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Source location: Title 15, Chapter 4, § 146; chapter-004-china-trade.md
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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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Federal law — U.S. Code and appendices · legal_authorities
When used in this chapter, unless the context otherwise indicates—
**(a)** The term “person” includes individual, partnership, corporation, and association;
**(b)** The term “China” means (1) China including Manchuria, Tibet, Mongolia, and any territory leased by China to any foreign government, (2) the Crown Colony of Hong Kong, and (3) the Province of Macao;
**(c)** The terms “China Trade Act corporation” and “corporation” mean a corporation chartered under the provisions of this chapter;
**(d)** The term “Federal district court” means any Federal district court, and the United States District Court for the District of Columbia;
**(e)** The term “Secretary” means the Secretary of Commerce; and
**(f)** The term “registrar” means the China Trade Act registrar appointed under [section 143 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section143&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 142
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Federal law — U.S. Code and appendices · legal_authorities
Page 623
TITLE 15—COMMERCE AND TRADE
§ 147
have been complied with and declaring that the
incorporators are a body corporate, if (a) an in-
corporation fee of $100 has been paid him; (b) he
finds that the articles of incorporation and
statements therein conform to the requirements
of, and that the incorporation is authorized by,
this chapter; and (c) he finds that such corpora-
tion will aid in developing markets in China for
goods produced in the United States. A copy of
the articles of incorporation shall be made a
part of the certificate of incorporation and
printed in full thereon. Any failure, previous to
the issuance of the certificate of incorporation,
by the incorporators or in respect to the appli-
cation for the certificate of incorporation, to
conform to any requirement of law which is a
condition precedent to such issuance, may not
subsequent thereto be held to invalidate the cer-
tificate of incorporation or alter the legal status
of any act of a China Trade Act corporation, ex-
cept in proceedings instituted by the registrar
for the revocation of the certificate of incorpo-
ration.
(Sept. 19, 1922, ch. 346, § 5, 42 Stat. 850.)
§ 146. General powers of corporation
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 busi-
ness authorized by its articles of incorporation
and such further business as is properly con-
nected therewith or necessary and incidental
thereto;
(e) May make contracts and incur liabilities;
(f) May acquire and hold real or personal prop-
e
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 146
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