---
kind: "section"
citation: "15 U.S.C. § 150"
title: "15"
title_heading: "Commerce and Trade"
number: "150"
heading: "Stockholders’ meetings"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/150"
units:
  - "Chapter 4 — China Trade"
---

# §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](/usc/15/142.md?p=c) there shall be held a stockholders’ meeting either at the principal office or a branch office of the [corporation](/usc/15/142.md?p=c). 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](/usc/15/142.md?p=a) or by mail. The holders of two-thirds of the voting shares, represented in [person](/usc/15/142.md?p=a) 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](/usc/15/142.md?p=c) 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](/usc/15/142.md?p=c) or of an independent branch of such business;
  - (4) Authorization of the voluntary dissolution of the [corporation](/usc/15/142.md?p=c); and
  - (5) Authorization of application for the extension of the period of duration of the [corporation](/usc/15/142.md?p=c).
- (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](/usc/15/142.md?p=c) files a certificate with the [Secretary](/usc/15/142.md?p=e) 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](/usc/15/142.md?p=e) 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](/usc/15/142.md?p=c) shall be filed with the [registrar](/usc/15/142.md?p=f).

## Source credit

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

## Notes

### Editorial Notes

### Amendments

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