Page:United States Statutes at Large Volume 63 Part 2.djvu/11

 63 STAT.] CHINA-FRIENDSHIP, COMMERCE, NAVIGATION-NOV. 4, 1946 ity; to do anything incidental to or necessary for the enjoyment of such rights and privileges; and to exercise all these rights and privi- leges, without interference, upon the same terms as corporations and associations of such other High Contracting Party unless otherwise provided by the laws of that High Contracting Party. The preced- ing sentence, and all other provisions of this Treaty according to corporations and associations of the Republic of China rights and privileges upon the same terms as corporations and associations of the United States of America, shall be construed as according such rights and privileges, in any state, territory or possession of the United States of America, upon the same terms as such rights and privileges are or may hereafter be accorded therein to corporations and associations created or organized in other states, territories or possessions of the United States of America. 4. Corporations and associations of either High Contracting Party shall not in any case, in the enjoyment of the rights and privileges provided by this Article, receive treatment with respect to such rights and privileges less favorable than the treatment which is or may here- after be accorded to corporations and associations of any third country. ARTICLE IV 1. The nationals, corporations and associations of either High Con- tracting Party shall enjoy, throughout the territories of the other High Contracting Party, rights and privileges with respect to organi- zation of and participation in corporations and associations of such other High Contracting Party, including the enjoyment of rights with respect to promotion and incorporation, the purchase, ownership and sale of shares and, in the case of nationals, the holding of executive and official positions, in conformity with the applicable laws and regulations, if any, which are or may hereafter be enforced by the duly constituted authorities, upon the same terms as nationals, cor- porations and associations of any third country. Corporations and associations of either High Contracting Party, organized or partici- pated in by nationals, corporations and associations of the other High Contracting Party pursuant to the rights and privileges enumerated in this paragraph shall be permitted to exercise the functions for which they are created or organized, in conformity with the applicable laws and regulations, if any, which are or may hereafter be enforced by the duly constituted authorities, upon the same terms as corporations and associations that are similarly organized or participated in by na- tionals, corporations and associations of any third country. With respect to the ownership of stock by nationals, corporations and asso- ciations of either High Contracting Party in corporations and associa- tions of the other High Contracting Party engaged in mining on public lands of such other High Contracting Party, neither High Contracting Party shall be obligated by the provisions of this para- graph to accord rights and privileges greater than those which its nationals, corporations and associations receive from the other High Contracting Party. 1303 Right to organize corporations, etc.

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