Liability of directors and agents of corporation

FederalStatutes

Ask Donna

How this section applies to your facts.

Title 15—COMMERCE AND TRADE > CHAPTER 1—MONOPOLIES AND COMBINATIONS IN RESTRAINT OF TRADE

This text was captured on Sep 9, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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.

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

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

A word about cookies

We need a few to keep you signed in and the library working. The rest help us see which pages people use and where they get stuck. They stay off unless you say yes.