{"identifier":"/us/usc/t15/s146","title":15,"num":"\u00a7\u202f146.","heading":"General powers of corporation","text":"\u00a7\u202f146.\nGeneral powers of corporation\nIn addition to the powers granted elsewhere in this chapter, a China Trade Act corporation\u2014\n(a) Shall have the right of succession during the existence of the corporation;\n(b) Shall have a corporate seal and may, with the approval of the Secretary, alter it;\n(c) May sue and be sued;\n(d) Shall have the right to transact the business authorized by its articles of incorporation and such further business as is properly connected therewith or necessary and incidental thereto;\n(e) May make contracts and incur liabilities;\n(f) May acquire and hold real or personal property, necessary to effect the purpose for which it is formed, and dispose of such property when no longer needed for such purposes;\n(g) May borrow money and issue its notes, coupon or registered bonds, or other evidences of debt, and secure their payment by a mortgage of its property; and\n(h) May establish such branch offices at such places in China as it deems advisable.","url":"https://projectusc.org/usc/t15/s146.html","content":[{"t":"sec","id":"/us/usc/t15/s146","children":[{"t":"num","text":"\u00a7\u202f146."},{"t":"heading","text":"General powers of corporation","tail":"\n"},{"t":"chapeau","text":"In addition to the powers granted elsewhere in this chapter, a China Trade Act corporation\u2014"},{"t":"subsec","id":"/us/usc/t15/s146/a","children":[{"t":"num","text":"(a)"},{"t":"content","text":" Shall have the right of succession during the existence of the corporation;","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t15/s146/b","children":[{"t":"num","text":"(b)"},{"t":"content","text":" Shall have a corporate seal and may, with the approval of the Secretary, alter it;","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t15/s146/c","children":[{"t":"num","text":"(c)"},{"t":"content","text":" May sue and be sued;","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t15/s146/d","children":[{"t":"num","text":"(d)"},{"t":"content","text":" Shall have the right to transact the business authorized by its articles of incorporation and such further business as is properly connected therewith or necessary and incidental thereto;","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t15/s146/e","children":[{"t":"num","text":"(e)"},{"t":"content","text":" May make contracts and incur liabilities;","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t15/s146/f","children":[{"t":"num","text":"(f)"},{"t":"content","text":" May acquire and hold real or personal property, necessary to effect the purpose for which it is formed, and dispose of such property when no longer needed for such purposes;","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t15/s146/g","children":[{"t":"num","text":"(g)"},{"t":"content","text":" May borrow money and issue its notes, coupon or registered bonds, or other evidences of debt, and secure their payment by a mortgage of its property; and","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t15/s146/h","children":[{"t":"num","text":"(h)"},{"t":"content","text":" May establish such branch offices at such places in China as it deems advisable.","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}