15 USC § 24 - Liability of directors and agents of corporation

---
identifier: "/us/usc/t15/s24"
source: "usc"
legal_status: "official_prima_facie"
title: "15 USC § 24 - Liability of directors and agents of corporation"
title_number: 15
title_name: "COMMERCE AND TRADE"
section_number: "24"
section_name: "Liability of directors and agents of corporation"
chapter_number: 1
chapter_name: "MONOPOLIES AND COMBINATIONS IN RESTRAINT OF TRADE"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Oct. 15, 1914, ch. 323, § 14, 38 Stat. 736.)"
---


# § 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.

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**Source Credit**: (Oct. 15, 1914, ch. 323, § 14, 38 Stat. 736.)

## Editorial Notes

### References in Text

The antitrust laws, referred to in text, are defined in .