FEDERAL · 15 U.S.C. · Chapter 1

Liability of directors and agents of corporation

15 U.S.C. § 24
Title15Commerce and Trade
Chapter1 — MONOPOLIES AND COMBINATIONS IN RESTRAINT OF TRADE

This text of 15 U.S.C. § 24 (Liability of directors and agents of corporation) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
15 U.S.C. § 24.

Text

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.

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Source Credit

History

(Oct. 15, 1914, ch. 323, §14, 38 Stat. 736.)

Editorial Notes

Editorial Notes

References in Text
The antitrust laws, referred to in text, are defined in section 12 of this title.

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Bluebook (online)
15 U.S.C. § 24, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/24.