Any public or private corporation authorized by this chapter to apply and whose application is granted pursuant to the terms of the act of Congress may establish, operate, and maintain the foreign-trade zone:

(a) Subject to the conditions and restrictions of the act of Congress, and any amendments thereto.

Terms Used In California Government Code 6304

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

(b) Under such rules and regulations and for the period of time that may be prescribed by the board established by the act of Congress to carry out the act.

(Amended by Stats. 2017, Ch. 13, Sec. 5. (AB 1727) Effective January 1, 2018.)