§ 149. — Bylaws.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC149]
TITLE 15--COMMERCE AND TRADE
CHAPTER 4--CHINA TRADE
Sec. 149. Bylaws
The bylaws may provide--
(a) The time, place, manner of calling, giving notice, and conduct
of, and determination of a quorum for, the meetings, annual or special,
of the stockholders or directors;
(b) The number, qualifications, and manner of choosing and fixing
the tenure of office and compensation of all directors; but the number
of such directors shall be not less than three, and a majority of the
directors, and the president and the treasurer, or each officer holding
a corresponding office, shall, during their tenure of office, be
citizens of the United States resident in China.
(c) The manner of calling for and collecting payments upon shares of
stock, the penalties and forfeitures for nonpayment, the preparation of
certificates of the shares, the manner of recording their sale or
transfer, and the manner of their representation at stockholders'
meetings.
(Sept. 19, 1922, ch. 346, Sec. 9, 42 Stat. 852; Feb. 26, 1925, ch. 345,
Sec. 8, 43 Stat. 996.)
Amendments
1925--Par. (b). Act Feb. 26, 1925, amended par. (b) generally.
