§ 154. — Investigations by registrar; revocation of certificate of incorporation.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC154]
TITLE 15--COMMERCE AND TRADE
CHAPTER 4--CHINA TRADE
Sec. 154. Investigations by registrar; revocation of certificate
of incorporation
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.
(Sept. 19, 1922, ch. 346, Sec. 14, 42 Stat. 853.)
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.
Section Referred to in Other Sections
This section is referred to in section 144 of this title.
