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1 court at any time within ten days after such suit is filed the
1
2
court may in its discretion stay the suspension for such time
2
3 up to its final decision in the suit as it deems advisable. The
4
court shall revoke the charter of the corporation if it finds
5
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holders. For the purposes of this section the trustees may
sue and be sued in the name of the corporation and shall be jointly and severally liable to the stockholders and creditors of the corporation to the extent of the property coming into
their hands as trustees.
that the affairs and business of the corporation have been
6 conducted in such manner,
SEC, 17. That in case of the voluntary dissolution of the
8 corporation or the suspension or revocation of its charter, the
9 directors of the corporation shall be the trustees of the credi-
5
6
SEC. 18. That for the efficient administration of the
7 functions vested in the Secretary of Commerce by this Act,
8
he may require, (a) by subpoena issued by him or under his 9 direction, the attendance of any witness and the production
10
tors and stockholders of the corporation; except that upon
10
11 application to the United States Court for China by any 12 interested party, or upon the court's own motion in any
11
12
13 proceeding pending before it, the court may in its dis-
13
14
cretion appoint as the trustees such individuals, other than
14
15
the directors, as it may determine. In case of the voluntary
15
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16 dissolution or revocation of the charter of the corporation,
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17
18
the trustees are invested with the powers, and shall do
all acts, necessary to wind up the affairs of the corporation
19 and divide among the stockholders according to their re-
20 spective interests the property of the corporation remaining
19 shall then he subscribed to by the deponent. The Secretary
20
of Commerce may administer oaths and examine any wit-
21
after all obligations against it have been settled. In case of
21
ness. Any witnesses summoned before the Secretary of
22 the suspension of the charter of the corporation, the trustees
22
Commerce and any witness whose deposition is taken shall
17
of any book, paper, document, or other evidence from any place at any designated place of hearing in China, or if the witness is actually resident or temporarily sojourning outside of China, at any designated place of hearing within fifty miles of the actual residence or place of sojourn of such wit- ness, and (b) the taking of a deposition before any desig- nated person having power to administer oaths. In the case of a deposition the testimony shall be reduced to writing by
18
the person taking the deposition or under his direction, and
23 shall conduct the corporate affairs and are invested with the
ོ་
23 be paid the same fees and mileage as are paid witnesses in
24
powers and subject to the liabilities and duties provided in
24
the courts of the United States.
25 this Act for the corporation, its directors, officers, and stock-
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