
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: 15USC150]

 
                      TITLE 15--COMMERCE AND TRADE
 
                         CHAPTER 4--CHINA TRADE
 
Sec. 150. Stockholders' meetings


(a) Time of first meeting; quorum

    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 stockholder 
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, 
represented in person or by proxy, shall constitute a quorum at such 
meetings authorized to transact business. At this meeting or an 
adjourned meeting thereof a code of bylaws for the corporation shall be 
adopted by a majority of the voting shares represented at the meeting.

(b) Questions for determination only by stockholders

    The following questions shall be determined only by the stockholders 
at a stockholders' meeting:
        (1) Adoption of the bylaws;
        (2) Amendments to the articles of incorporation or bylaws;
        (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) Authorization of amendments to articles of incorporation

    The adoption of any such amendment or authorization shall require 
the approval of at least two-thirds of the voting shares. 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 chapter.

(d) Filing of bylaws and amendments and minutes of stockholders' 
        meetings with registrar

    A certified copy of the bylaws and amendments thereof and of the 
minutes of all stockholders' meetings of the corporation shall be filed 
with the registrar.

(Sept. 19, 1922, ch. 346, Sec. 10, 42 Stat. 852; Feb. 26, 1925, ch. 345, 
Sec. 9, 43 Stat. 996.)


                               Amendments

    1925--Subsec. (a). Act Feb. 26, 1925, inserted ``, represented in 
person or by proxy,'' in third sentence.
