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► 15 U.S.C. § 147 15 u.s.c. · china trade · title 15
15 U.S.C. § 147
Stock; issuance at par value
Title 15 USC
● ACTIVE
Ch. 4
Jurisdiction Federal — United States
Chapter CHINA TRADE
Primary Source uscode.house.gov ↗
Federation ID OM-USC15-SEC-83C49E
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 4 - CHINA TRADE Sec. 147 - Stock; issuance at par value From the U.S. Government Publishing Office, www.gpo.gov

§147. Stock; issuance at par value

Each share of the original or any subsequent issue of stock of a China Trade Act corporation shall be issued at not less than par value, and shall be paid for in cash, or in accordance with the provisions of section 148 of this title, in real or personal property which has been placed in the custody of the directors. No such share shall be issued until the amount of the par value thereof has been paid the corporation; and when issued, each share shall be held to be full paid and nonassessable; except that if any share is, in violation of this section, issued without the amount of the par value thereof having been paid to the corporation, the holder of such share shall be liable in suits by creditors for the difference between the amount paid for such share and the par value thereof.

(Sept. 19, 1922, ch. 346, §7, 42 Stat. 851; Feb. 26, 1925, ch. 345, §7, 43 Stat. 996.)

Editorial Notes

Amendments 1925—Act Feb. 26, 1925, substituted "not less than par value" for "par value only".

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 15 U.S.C. § 147 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 15 U.S.C. § 146a 15 U.S.C. § 148 →
Chapter 4 — CHINA TRADE
15 U.S.C. § 14115 U.S.C. § 14215 U.S.C. § 14315 U.S.C. § 14415 U.S.C. § 144a15 U.S.C. § 14515 U.S.C. § 14615 U.S.C. § 146a15 U.S.C. § 14715 U.S.C. § 14815 U.S.C. § 14915 U.S.C. § 15015 U.S.C. § 15115 U.S.C. § 15215 U.S.C. § 15315 U.S.C. § 15415 U.S.C. § 15515 U.S.C. § 15615 U.S.C. § 15715 U.S.C. § 15815 U.S.C. § 15915 U.S.C. § 16015 U.S.C. § 16115 U.S.C. § 162
15 U.S.C. — public domain ← All Legislation
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15 U.S.C.
Citation
15 U.S.C. § 147
Status
● ACTIVE
Chapter
4 — CHINA TRADE
Title
Commerce and Trade
Jurisdiction
Federal
Federation ID
OM-USC15-SEC-83C49E
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Commerce and Trade — 15 U.S.C. § 147