15 U.S.C. § 148
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.
15 U.S.C. § 148
EDITORIAL NOTES
REFERENCES IN TEXTSubdivision (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.
- Secretary
- The term "Secretary" means the Secretary of Commerce; and
- registrar
- The term "registrar" means the China Trade Act registrar appointed under section 143 of this title.
- corporation
- The terms "China Trade Act corporation" and "corporation" mean a corporation chartered under the provisions of this chapter;
- China Trade Act corporation
- The terms "China Trade Act corporation" and "corporation" mean a corporation chartered under the provisions of this chapter;