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15 U.S.C. § 152 — Reports; records for public inspection

submitted 104 years ago by ch. 346 to r/title-15-COMMERCE-AND-TRADE · 171 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law tells China Trade Act corporations how to report on their business. Their fiscal year is the calendar year, and they must file a yearly report with the registrar and give a copy to every stockholder. The registrar and the Secretary must swap copies of these records and keep them open for the public to inspect.

(a) A China Trade Act corporation's fiscal year is the calendar year. Each year, the corporation must file a report with the registrar. The report covers the corporation's business for the year and its financial condition at year's end. The registrar sets the report's format, manner, and filing deadline by regulation. The corporation must also give a true copy of the report to every stockholder. (b) The registrar must send the Secretary copies of every report, certificate, and certified copy the registrar receives or issues under this chapter. The Secretary must send the registrar copies of every application for a certificate of incorporation, and every certificate the Secretary receives or issues under this chapter. Both offices must keep these papers on file. The papers must be open for public inspection, following whatever regulations are prescribed.
the actual law source: uscode.house.gov ↗public domain
(a)

For the purposes of this chapter the fiscal year of a China Trade Act corporation shall correspond to the calendar year. The corporation shall make and file with the registrar, in such manner and form and at such time as shall be by regulation prescribed, a report of its business for each such fiscal year and of its financial condition at the close of the year. The corporation shall furnish a true copy of the report to each of its stockholders.

(b)

The registrar shall file with the Secretary copies of all reports, certificates, and certified copies received or issued by the registrar under the provisions of this chapter. The Secretary shall file with the registrar copies of all applications for a certificate of incorporation, and certificates received or issued by the Secretary under the provisions of this chapter. All such papers shall be kept on record in the offices of the registrar and the Secretary, and shall be available for public inspection under such regulations as may be prescribed.

Source credit: (Sept. 19, 1922, ch. 346, § 12, 42 Stat. 853.)

history & why it existsrecord from the source credit
  • 1922Enacted · Act of Sept. 19, 1922, ch. 346 · 42 Stat. 853

A history note hasn’t been published yet. The record shows enactment by ch. 346 on 1922-09-19.

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