68 S T A T. ]
P U B L I C LAW 3 8 9 - J U N E
8, 1954
Public Law389
177
CHAPTER 269
AN ACT To provide for the incorporation, regulation, merger, consolidation, and dissolution of certain business corporations in the District of Columbia.
June 8. 1954 [H. R. 3704]
Be it enacted by the Senate and House of Representatives of the c^o?ation Act.'^ United States of America in Congress assembled, TABLE O F CONTENTS Sec. 1. Short title. Sec. 2. Definitions. Sec. 3. Purposes. Sec. 4. General powers. Sec. 5. Power of corporation to acquire its own shares. Sec. 6. Dealing in real e s t a t e a s corporate purpose. Sec. 7. Defense of u l t r a vires. Sec. 8. Corporate name. Sec. 9. Reserved name. Sec. 10. Registered office and registered agent. Sec. 11. Change of registered office or registered agent. Sec. 12. Registered agent a s a n agent for service. Sec. 13. Authorized shares. Sec. 14. Issuance of shares of preferred or special classes in series. Sec. 15. Subscriptions for shares. Sec. 16. Consideration for shares. Sec. 17. Payment for shares. Sec. IS. Determination of amount of stated capital. Sec. 19. Expenses of organization, reorganization, and financing. Sec. 20. Certificates representing shares. Sec. 2 1. Issuance of fractional shares or scrip. Sec. 22. Liability of subscribers and shareholders. Sec. 23. Shareholders' preemptive rights. Sec. 24, Bylaws. Sec. 25. Meetings of shareholders. Sec. 26. Notice of shareholders' meetings. Sec. 27. Voting of shares. Sec. 28. Closing of transfer books and fixing record date. Sec. 29. Voting of shares by certain holders. Sec. 30. Voting t r u s t. Sec. 31. Quorum of shareholders. Sec. 32. Board of directors. Sec. 33. Number and election of directors. Sec. 34. Classification of directors. Sec. 35. Vacancies. Sec. 36. Quorum of directors. Sec. 37. Executive committee. Sec. 38. Place of directors' meetings. Sec. 39. Notice of directors' meetings. Sec. 40. Dividends. Sec. 41. Dividends in partial liquidation. Sec. 42. Liability of directors in certain cases. Sec. 43. Officers. Sec. 44. Removal of officers. Sec. 45. BOOIJS and records.
Sec. 46. Sec. 47. Sec. 48. Sec. 49. Sec. 50. Sec. 51. Sec. 52. Sec. 53. Sec. 54. Sec. 55. Sec. 56. Sec. 57. Sec. 58. Sec. 59. Sec. 60.
Incorporators. Articles of incorporation. Filing of articles of incorporation. Effect of issuance of certificate of incorporation. Requirement before commencing business. Organization meeting of directors. Right to amend articles of incorporation. Procedure to amend articles of incorporation before acceptance of subscriptions to shares. Procedure to amend articles of incorporation after acceptance of subscription to shares. When entitled to vote by classes. Articles of amendment. Filing of articles of amendment. Effect of certificate of amendment. Redemption and cancellation of shares. Cancellation of reacquired shares.
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