Skip to content
LexBuild

15 USC § 146 - General powers of corporation 

---
identifier: "/us/usc/t15/s146"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 146 - General powers of corporation"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "146"
section_name: "General powers of corporation"
chapter_number: 4
chapter_name: "CHINA TRADE"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Sept. 19, 1922, ch. 346, § 6, 42 Stat. 851; Feb. 26, 1925, ch. 345, § 6, 43 Stat. 996.)"
---

# § 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.

---

**Source Credit**: (Sept. 19, 1922, ch. 346, § 6, 42 Stat. 851; Feb. 26, 1925, ch. 345, § 6, 43 Stat. 996.)

## Editorial Notes

### Amendments

1925—Par. (b). Act , substituted “Shall” for “May”.

## Statutory Notes and Related Subsidiaries

### Treaty

Par. (h) of this section has been affected by the 1943 Treaty between United States of America and the Republic of China, , in which the United States relinquished all extraterritorial jurisdiction and rights in China. See Codification note set out under .