§ 24. — Liability of directors and agents of corporation.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC24]
TITLE 15--COMMERCE AND TRADE
CHAPTER 1--MONOPOLIES AND COMBINATIONS IN RESTRAINT OF TRADE
Sec. 24. Liability of directors and agents of corporation
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, Sec. 14, 38 Stat. 736.)
References in Text
The antitrust laws, referred to in text, are defined in section 12
of this title.
