§55C‑4. Public or private corporation establishing foreign trade zone tobe governed by federal law.
Any public or privatecorporation authorized by this Chapter to make application for the privilege ofestablishing, operating, and maintaining said foreign trade zone, whoseapplication is granted pursuant to the terms of the aforementioned act ofCongress is hereby authorized to establish such foreign trade zone and tooperate and maintain the same subject to the conditions and restrictions of thesaid act of Congress and any amendments thereto, and under such rules andregulations and for the period of time that may be prescribed by the boardestablished by said act of Congress to carry out the provisions of such act. (1975,2nd Sess., c. 983, s. 132; 1977, c. 782, s. 1.)