OAKMOREL Forensic Intelligence // [email protected]
► 15 U.S.C. § 77cc 15 u.s.c. · securities and trust indentures · title 15
15 U.S.C. § 77cc
Directors of Corporation; appointment, term of office, and removal
Title 15 USC
● ACTIVE
Ch. 2A
Jurisdiction Federal — United States
Chapter SECURITIES AND TRUST INDENTURES
Primary Source uscode.house.gov ↗
Federation ID OM-USC15-SEC-6B4903
► 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 2A - SECURITIES AND TRUST INDENTURES SUBCHAPTER II - FOREIGN SECURITIES Sec. 77cc - Directors of Corporation; appointment, term of office, and removal From the U.S. Government Publishing Office, www.gpo.gov

§77cc. Directors of Corporation; appointment, term of office, and removal

The control and management of the Corporation shall be vested in a board of six directors, who shall be appointed and hold office in the following manner: As soon as practicable after the date this chapter takes effect the Federal Trade Commission (hereinafter in this subchapter called "Commission") shall appoint six directors, and shall designate a chairman and a vice chairman from among their number. After the directors designated as chairman and vice chairman cease to be directors, their successors as chairman and vice chairman shall be elected by the board of directors itself. Of the directors first appointed, two shall continue in office for a term of two years, two for a term of four years, and two for a term of six years, from the date this chapter takes effect, the term of each to be designated by the Commission at the time of appointment. Their successors shall be appointed by the Commission, each for a term of six years from the date of the expiration of the term for which his predecessor was appointed, except that any person appointed to fill a vacancy occurring prior to the expiration of the term for which his predecessor was appointed shall be appointed only for the unexpired term of such predecessor. No person shall be eligible to serve as a director who within the five years preceding has had any interest, direct or indirect, in any corporation, company, partnership, bank, or association which has sold or offered for sale any foreign securities. The office of a director shall be vacated if the board of directors shall, at a meeting specially convened for that purpose, by resolution passed by a majority of at least two-thirds of the board of directors, remove such member from office, provided that the member whom it is proposed to remove shall have seven days' notice sent to him of such meeting, and that he may be heard.

(May 27, 1933, ch. 38, title II, §202, 48 Stat. 93.)

Source: uscode.house.gov — public domain Official Source ↗
► ROOT-LD ENTITY DATA machine-readable · federation graph · v1.0
Federation ID
OM-USC15-SEC-6B4903
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
oakmorel.com
Spec Version
Root-LD v1.0
Source
PRIMARY-SOURCE
Content Hash
995060123b9a5a6a...
Source Verified
✓ TRUE
Semantic Edges
PENDING — corpus passes queued
The statutory text of 15 U.S.C. § 77cc 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).
► NAVIGATE CORPUS title 15 · commerce and trade
← 15 U.S.C. § 77bb 15 U.S.C. § 77dd →
Chapter 2A — SECURITIES AND TRUST INDENTURES
15 U.S.C. § 77a15 U.S.C. § 77b15 U.S.C. § 77b115 U.S.C. § 77c15 U.S.C. § 77d15 U.S.C. § 77d115 U.S.C. § 77e15 U.S.C. § 77f15 U.S.C. § 77g15 U.S.C. § 77h15 U.S.C. § 77h115 U.S.C. § 77i15 U.S.C. § 77j15 U.S.C. § 77k15 U.S.C. § 77l15 U.S.C. § 77m15 U.S.C. § 77n15 U.S.C. § 77o15 U.S.C. § 77p15 U.S.C. § 77q15 U.S.C. § 77r15 U.S.C. § 77r115 U.S.C. § 77s15 U.S.C. § 77t
15 U.S.C. — public domain ← All Legislation
OakMorel Law
15 U.S.C.
Citation
15 U.S.C. § 77cc
Status
● ACTIVE
Chapter
2A — SECURITIES AND TRUST INDENTURES
Title
Commerce and Trade
Jurisdiction
Federal
Federation ID
OM-USC15-SEC-6B4903
Root-LD Spec
v1.0
► Forensic Services
Procurement fraud, platform integrity, litigation support. First conversation free.
► CONTACT OAKMOREL →
↑↓ Scroll ENTER Select ESC Exit
Commerce and Trade — 15 U.S.C. § 77cc