# 15 U.S.C. § 24: Liability of directors and agents of corporation

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t15_s24

## Section

- **Citation:** 15 U.S.C. § 24
- **Heading:** Liability of directors and agents of corporation
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** September 9, 2026
- **Source:** Publisher's official text
- **Location:** Title 15—COMMERCE AND TRADE > CHAPTER 1—MONOPOLIES AND COMBINATIONS IN RESTRAINT OF TRADE

## 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 .)

## Nearby sections

- [15 U.S.C. § 1 Trusts, etc., in restraint of trade illegal; penalty](https://www.frixlaw.com/law-library/statutes/usc_t15_s1.md)
- [15 U.S.C. § 15 Suits by persons injured](https://www.frixlaw.com/law-library/statutes/usc_t15_s15.md)
- [15 U.S.C. § 15c Actions by State attorneys general](https://www.frixlaw.com/law-library/statutes/usc_t15_s15c.md)
- [15 U.S.C. § 15g Definitions](https://www.frixlaw.com/law-library/statutes/usc_t15_s15g.md)
- [15 U.S.C. § 17 Antitrust laws not applicable to labor organizations](https://www.frixlaw.com/law-library/statutes/usc_t15_s17.md)
- [15 U.S.C. § 20 Repealed. Pub. L. 101–588, § 3 , Nov. 16, 1990 , 104 Stat. 2880](https://www.frixlaw.com/law-library/statutes/usc_t15_s20.md)
- [15 U.S.C. § 24 Liability of directors and agents of corporation](https://www.frixlaw.com/law-library/statutes/usc_t15_s24.md)
- [15 U.S.C. § 25 Restraining violations; procedure](https://www.frixlaw.com/law-library/statutes/usc_t15_s25.md)
- [15 U.S.C. § 29 Appeals](https://www.frixlaw.com/law-library/statutes/usc_t15_s29.md)
- [15 U.S.C. § 34 Definitions applicable to sections 34 to 36](https://www.frixlaw.com/law-library/statutes/usc_t15_s34.md)
- [15 U.S.C. § 35 Recovery of damages, etc., for antitrust violations from any local government, or official or employee thereof acting in an official capacity](https://www.frixlaw.com/law-library/statutes/usc_t15_s35.md)
- [15 U.S.C. § 37a Definitions](https://www.frixlaw.com/law-library/statutes/usc_t15_s37a.md)
- [15 U.S.C. § 78bb Effect on existing law](https://www.frixlaw.com/law-library/statutes/usc_t15_s78bb.md)
- [15 U.S.C. § 78c–2 Securities-related derivatives](https://www.frixlaw.com/law-library/statutes/usc_t15_s78c%E2%80%932.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t15_s24. Check the current official text before relying on it. Not legal advice.