2012 US Code
Title 15 - Commerce and Trade
Chapter 1 - MONOPOLIES AND COMBINATIONS IN RESTRAINT OF TRADE (§§ 1 - 38)
Section 24 - Liability of directors and agents of corporation
| Publication Title | United States Code, 2012 Edition, Title 15 - COMMERCE AND TRADE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 15 - COMMERCE AND TRADE CHAPTER 1 - MONOPOLIES AND COMBINATIONS IN RESTRAINT OF TRADE Sec. 24 - Liability of directors and agents of corporation |
| Contains | section 24 |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Oct. 15, 1914, ch. 323, §14, 38 Stat. 736. |
| Statutes at Large Reference | 38 Stat. 736 |
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Whenever a corporation shall violate any of the penal provisions of the antitrust laws, such violation shall be deemed to be also that of the individual directors, officers, or agents of such corporation who shall have authorized, ordered, or done any of the acts constituting in whole or in part such violation, and such violation shall be deemed a misdemeanor, and upon conviction therefor of any such director, officer, or agent he shall be punished by a fine of not exceeding $5,000 or by imprisonment for not exceeding one year, or by both, in the discretion of the court.
(Oct. 15, 1914, ch. 323, §14, 38 Stat. 736.)
References in TextThe antitrust laws, referred to in text, are defined in section 12 of this title.
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