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► 15 U.S.C. § 148 15 u.s.c. · china trade · title 15
15 U.S.C. § 148
Payment of stock in real or personal property
Title 15 USC
● ACTIVE
Ch. 4
Jurisdiction Federal — United States
Chapter CHINA TRADE
Primary Source uscode.house.gov ↗
Federation ID OM-USC15-SEC-448C43
► 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. 148 - Payment of stock in real or personal property From the U.S. Government Publishing Office, www.gpo.gov

§148. Payment of stock in real or personal property

No share of stock of a China Trade Act corporation shall, for the purposes of section 147 of this title or of subdivision (d) of section 144 of this title, be held paid in real or personal property unless (1) a certificate describing the property and stating the value at which it is to be received has been filed by the corporation with the Secretary or the registrar in such manner as shall be by regulation prescribed, and a fee to be fixed by the Secretary or the registrar, respectively, to cover the cost of any necessary investigation has been paid, and (2) the Secretary or the registrar, as the case may be, finds and has certified to the corporation that such value is not more than the fair market value of the property.

(Sept. 19, 1922, ch. 346, §8, 42 Stat. 851.)

Editorial Notes

References in Text Subdivision (d) of section 144 of this title, referred to in text, was in the original "paragraph (7) of subdivision (b) of section 4", which is classified to section 144(b)(7) of this title. Part of the provisions of par. (7) were transferred to subd. (d) of section 144 by act Feb. 26, 1925, ch. 345, §§3, 5, 43 Stat. 995.

Source: uscode.house.gov — public domain Official Source ↗
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OM-USC15-SEC-448C43
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The statutory text of 15 U.S.C. § 148 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. § 147 15 U.S.C. § 149 →
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. § 148
Status
● ACTIVE
Chapter
4 — CHINA TRADE
Title
Commerce and Trade
Jurisdiction
Federal
Federation ID
OM-USC15-SEC-448C43
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Commerce and Trade — 15 U.S.C. § 148