15 U.S.C. § 433 — Remedies of cooperative association excluded from representation
submitted 99 years ago by ch. 508 to r/title-15-COMMERCE-AND-TRADE · 98 words · no verdicts yet
A cooperative association or its representative can be excluded from a board of trade. If that happens, the group can sue in federal court where the board of trade operates. The court can order the board to let the representative back in with full membership and privileges, and can also award damages.
This section gives a remedy to a cooperative association, or an organization whose authorized representative, when a board of trade (referred to in section 432 of this title) excludes that representative from membership and its privileges.
The association or organization may sue in the United States District Court located where that board of trade operates or is maintained. The court has the power to issue a "mandatory injunction" - an order compelling the board of trade to admit the representative to membership and its privileges. The court can also award the group "incidental damages" for any harm it suffered, in whatever amount the court decides is appropriate.
Any such cooperative association or any such organization whose duly authorized representative is excluded from such membership and privileges by any board of trade referred to in section 432 of this title may sue in the United States District Court in whose jurisdiction such board of trade is operated or maintained for a mandatory injunction compelling such board of trade to admit such duly authorized representative to such membership and privileges and for any damages sustained, and such court shall have jurisdiction to issue such an injunction and to award such incidental damages as it may deem appropriate.
Source credit: (Mar. 4, 1927, ch. 508, § 3, 44 Stat. 1424.)
- 1927Enacted · Act of Mar. 4, 1927, ch. 508 · 44 Stat. 1424
A history note hasn’t been published yet. The record shows enactment by ch. 508 on 1927-03-04.
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