Any corporation may apply for a grant of the privilege to establish, operate, and maintain a foreigntrade zone. If such grant of privilege is made, such corporation may accept the grant and do all things necessary and proper in furtherance of the establishment, operation, and maintenance of the foreign-trade zone. Any action taken under this section shall be in accordance with the act and any rules and regulations as may be promulgated thereunder.
Source: L. 80: Entire article added, p. 448, § 1, effective March 26.