Utah § 76-16-512 Fine for violation -- Certain vertical agreements excluded -- Nolo contendere.

Utah Statutes

§ 76-16-512 — Fine for violation -- Certain vertical agreements excluded -- Nolo contendere.

Utah·Title 76 Utah Criminal Code·Ch. 76-16 Offenses Concerning Business Practices·Part 76-16-5 Antitrust Offenses

(1)(1)(a) Any person who violates Section 76-16-510 by price fixing, bid rigging, agreeing among competitors to divide customers or territories, or by engaging in a group boycott with specific intent of eliminating competition is guilty of a third degree felony and, notwithstanding Sections 76-3-301 and 76-3-302, is subject to:

(1)(a)(i) if an individual, a fine not to exceed $100,000; or

(1)(a)(ii) if by a person other than an individual, a fine not to exceed $500,000.

(1)(b) Subsection (1)(a) may not be construed to include vertical agreements between a manufacturer, its distributors, or their subdistributors dividing customers and territories solely involving the manufacturer's commodity or service where the manufacturer distributes its commodity or service both directly and through di

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(1) (1)(a) Any person who violates Section 76-16-510 by price fixing, bid rigging, agreeing among competitors to divide customers or territories, or by engaging in a group boycott with specific intent of eliminating competition is guilty of a third degree felony and, notwithstanding Sections 76-3-301 and 76-3-302, is subject to:
(1)(a)(i) if an individual, a fine not to exceed $100,000; or
(1)(a)(ii) if by a person other than an individual, a fine not to exceed $500,000.
(1)(b) Subsection (1)(a) may not be construed to include vertical agreements between a manufacturer, its distributors, or their subdistributors dividing customers and territories solely involving the manufacturer's commodity or service where the manufacturer distributes its commodity or service both directly and through distributors or subdistributors in competition with itself.
(2) A defendant may plead nolo contendere to a charge brought under this title but only with the consent of the court.
(3) The court may accept the plea only after due consideration of the views of the parties and the interest of the public in the effective administration of justice.

Utah § 76-16-512 (Fine for violation -- Certain vertical agreements excluded -- Nolo contendere.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.