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U.S. Code as of:
01/19/04
Section 146. General powers of corporation
In addition to the powers granted elsewhere in this chapter, a
China Trade Act corporation -
(a) Shall have the right of succession during the existence of
the corporation;
(b) Shall have a corporate seal and may, with the approval of the
Secretary, alter it;
(c) May sue and be sued;
(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;
(e) May make contracts and incur liabilities;
(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;
(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
(h) May establish such branch offices at such places in China as
it deems advisable.
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