15 U.S.C. · Commerce and Trade
15 U.S.C. § 151

Directors

Ch. 4 — CHINA TRADE
Title 15 U.S.C. ● ACTIVE Primary Source Ch. 4
Statutory Text

15 U.S.C. § 151 — Directors

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 4 - CHINA TRADE Sec. 151 - Directors From the U.S. Government Publishing Office, www.gpo.gov

§151. Directors

The directors designated in the articles of incorporation shall, until their successors take office, direct the exercise of all powers of a China Trade Act corporation except such as are conferred upon the stockholders by law or by the articles of incorporation or bylaws of the corporation. Thereafter the directors elected in accordance with the bylaws of the corporation shall direct the exercise of all powers of the corporation except such as are so conferred upon the stockholders. In the exercise of such powers the directors may appoint and remove and fix the compensation of such officers and employees of the corporation as they deem advisable.

(Sept. 19, 1922, ch. 346, §11, 42 Stat. 852.)

Source: uscode.house.gov — public domain Official Source ↗
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15 U.S.C. § 151
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The statutory text of 15 U.S.C. § 151 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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