
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: 15USC148]

 
                      TITLE 15--COMMERCE AND TRADE
 
                         CHAPTER 4--CHINA TRADE
 
Sec. 148. Payment of stock in real or personal property

    No share of stock of a China Trade Act corporation shall, for the 
purposes of section 147 of this title or of subdivision (d) of section 
144 of this title, be held paid in real or personal property unless (1) 
a certificate describing the property and stating the value at which it 
is to be received has been filed by the corporation with the Secretary 
or the registrar in such manner as shall be by regulation prescribed, 
and a fee to be fixed by the Secretary or the registrar, respectively, 
to cover the cost of any necessary investigation has been paid, and (2) 
the Secretary or the registrar, as the case may be, finds and has 
certified to the corporation that such value is not more than the fair 
market value of the property.

(Sept. 19, 1922, ch. 346, Sec. 8, 42 Stat. 851.)

                       References in Text

    Subdivision (d) of section 144 of this title, referred to in text, 
was in the original ``paragraph (7) of subdivision (b) of section 4'', 
which is classified to section 144(b)(7) of this title. Part of the 
provisions of par. (7) were transferred to subd. (d) of section 144 by 
act Feb. 26, 1925, ch. 345, Secs. 3, 5, 43 Stat. 995.

                  Section Referred to in Other Sections

    This section is referred to in sections 144, 147 of this title.
