Us Code § 24 - Liability of directors and agents of corporation
Full text of Us Code United States Code § 24 — Liability of directors and agents of corporation, with citation guidance and answers to common questions.
§ 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, §14, 38 Stat. 736.)
Editorial Notes
References in Text
The antitrust laws, referred to in text, are defined in section 12 of this title.
About This Section
15 U.S.C. § 24 is part of Title 15 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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