§154 — Title 15 Commerce and Trade | U.S. Code

Summary

The registrar can investigate a China Trade Act corporation to see if it broke this chapter, other U.S. laws or treaties, or its own articles or bylaws. If the registrar finds problems, they can ask the United States Court for China to cancel the corporation’s certificate. While the court decides, it can order how the corporation must be run.

Title 15, §154

Commerce and Trade — Source: USLM XML via OLRC

The registrar may, in order to ascertain if the affairs of a China Trade Act corporation are conducted contrary to any provision of this chapter, or any other law, or any treaty of the United States, or the articles of incorporation or bylaws of the corporation, investigate the affairs of the corporation. The registrar, whenever he is satisfied that the affairs of any China Trade Act corporation are or have been so conducted, may institute in the United States Court for China proceedings for the revocation of the certificate of incorporation of the corporation. The court may revoke such certificate if it finds the affairs of such corporation have been so conducted. Pending final decision in the revocation proceedings the court may at any time, upon application of the registrar or upon its own motion, make such orders in respect to the conduct of the affairs of the corporation as it deems advisable.

Editorial Notes

References in Text

United States Court for China, referred to in text, has been abolished. See Codification note set out under section 142 of this title.

§154 Investigations by Registrar; Revocation of Certificate of Incorporation

Summary

Title 15, §154

Notes & Related Subsidiaries

Editorial Notes

References in Text

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