StacksVerified U.S. regulatory reference

15 U.S.C. § 146

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
In addition to the powers granted elsewhere in this chapter, a China Trade Act corporation—
  1. (a)Shall have the right of succession during the existence of the corporation;
  2. (b)Shall have a corporate seal and may, with the approval of the Secretary, alter it;
  3. (c)May sue and be sued;
  4. (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;
  5. (e)May make contracts and incur liabilities;
  6. (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;
  7. (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
  8. (h)May establish such branch offices at such places in China as it deems advisable.