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15 U.S. Code § 77ee

Directors of Corporation, powers and duties generally

15 U.S. Code § 77ee. Directors of Corporation, powers and duties generally

The board of directors may—
(1)
Convene meetings of holders of foreign securities.
(2)
Invite the deposit and undertake the custody of foreign securities which have defaulted in the payment either of principal or interest, and issue receipts or certificates in the place of securities so deposited.
(3)
Appoint committees from the directors of the Corporation and/or all other persons to represent holders of any class or classes of foreign securities which have defaulted in the payment either of principal or interest and determine and regulate the functions of such committees. The chairman and vice chairman of the board of directors shall be ex officio chairman and vice chairman of each committee.
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