section 147 of this titlesection 144 of this titleNo share of stock of a China Trade Act corporation shall, for the purposes of or of subdivision (d) of , 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.
Sept. 19, 1922, ch. 346, § 842 Stat. 851(, .)
Editorial Notes
References in Text
section 144 of this titlesection 144(b)(7) of this titleact Feb. 26, 1925, ch. 34543 Stat. 995Subdivision (d) of , referred to in text, was in the original “paragraph (7) of subdivision (b) of section 4”, which is classified to . Part of the provisions of par. (7) were transferred to subd. (d) of section 144 by , §§ 3, 5, .