15 U.S. Code § 150 - Stockholders’ meetings

(a) Time of first meeting; quorum
Within six months after the issuance of the certificate of incorporation of a China Trade Act corporation there shall be held a stockholders’ meeting either at the principal office or a branch office of the corporation. Such meeting shall be called by a majority of the directors named in the articles of incorporation and each stockholder shall be given at least ninety days’ notice of the meeting either in person or by mail. The holders of two-thirds of the voting shares, represented in person or by proxy, shall constitute a quorum at such meetings authorized to transact business. At this meeting or an adjourned meeting thereof a code of bylaws for the corporation shall be adopted by a majority of the voting shares represented at the meeting.
(b) Questions for determination only by stockholders
The following questions shall be determined only by the stockholders at a stockholders’ meeting:
(1) Adoption of the bylaws;
(2) Amendments to the articles of incorporation or bylaws;
(3) Authorization of the sale of the entire business of the corporation or of an independent branch of such business;
(4) Authorization of the voluntary dissolution of the corporation; and
(5) Authorization of application for the extension of the period of duration of the corporation.
(c) Authorization of amendments to articles of incorporation
The adoption of any such amendment or authorization shall require the approval of at least two-thirds of the voting shares. No amendment to the articles of incorporation or authorization for dissolution or extension shall take effect until
(1) the corporation files a certificate with the Secretary stating the action taken, in such manner and form as shall be by regulation prescribed, and
(2) such amendment or authorization is found and certified by the Secretary to conform to the requirements of this chapter.
(d) Filing of bylaws and amendments and minutes of stockholders’ meetings with registrar
A certified copy of the bylaws and amendments thereof and of the minutes of all stockholders’ meetings of the corporation shall be filed with the registrar.

Source

(Sept. 19, 1922, ch. 346, § 10,42 Stat. 852; Feb. 26, 1925, ch. 345, § 9,43 Stat. 996.)
Amendments

1925—Subsec. (a). Act Feb. 26, 1925, inserted “, represented in person or by proxy,” in third sentence.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

15 USCDescription of ChangeSession YearPublic LawStatutes at Large

 

LII has no control over and does not endorse any external Internet site that contains links to or references LII.