
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC146]

 
                      TITLE 15--COMMERCE AND TRADE
 
                         CHAPTER 4--CHINA TRADE
 
Sec. 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 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.

(Sept. 19, 1922, ch. 346, Sec. 6, 42 Stat. 851; Feb. 26, 1925, ch. 345, 
Sec. 6, 43 Stat. 996.)


                               Amendments

    1925--Par. (b). Act Feb. 26, 1925, substituted ``Shall'' for 
``May''.


                                 Treaty

    Par. (h) of this section has been affected by the 1943 Treaty 
between United States of America and the Republic of China, 57 Stat. 
767, in which the United States relinquished all extraterritorial 
jurisdiction and rights in China. See Codification note set out under 
section 142 of this title.
