FEDERAL · 15 U.S.C. · Chapter 4

Directors

15 U.S.C. § 151
Title15Commerce and Trade
Chapter4 — CHINA TRADE

This text of 15 U.S.C. § 151 (Directors) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
15 U.S.C. § 151.

Text

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.

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History

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

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15 U.S.C. § 151, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/151.