15 U.S.C. § 61 — Export trade; definitions

submitted 108 years ago by ch. 50 to r/title-15-COMMERCE-AND-TRADE · 185 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law defines three terms for this part of the antitrust laws: "export trade," "trade within the United States," and "association." Export trade covers goods being sent abroad, but not their production or domestic sale.

This section defines three terms used in this subchapter: "Export trade" means only trade or commerce in goods, wares, or merchandise that has been exported, or is being exported, from the United States or any of its territories to a foreign nation. It does not include producing, manufacturing, or selling those goods for use or resale within the United States or its territories, or any act that is part of that production, manufacturing, or domestic selling. "Trade within the United States" means trade or commerce among the states, within a U.S. territory, in the District of Columbia, between one territory and another, between a territory and a state or the District of Columbia, or between the District of Columbia and a state. "Association" means any corporation, or any combination of two or more persons, partnerships, or corporations, whether formed by contract or another arrangement.

the actual law source: uscode.house.gov ↗public domain

The words “export trade” wherever used in this subchapter mean solely trade or commerce in goods, wares, or merchandise exported, or in the course of being exported from the United States or any Territory thereof to any foreign nation; but the words “export trade” shall not be deemed to include the production, manufacture, or selling for consumption or for resale, within the United States or any Territory thereof, of such goods, wares, or merchandise, or any act in the course of such production, manufacture, or selling for consumption or for resale.

The words “trade within the United States” wherever used in this subchapter mean trade or commerce among the several States or in any Territory of the United States, or in the District of Columbia, or between any such Territory and another, or between any such Territory or Territories and any State or States or the District of Columbia, or between the District of Columbia and any State or States.

The word “association” wherever used in this subchapter means any corporation or combination, by contract or otherwise, of two or more persons, partnerships, or corporations.

Source credit: (Apr. 10, 1918, ch. 50, § 1, 40 Stat. 516.)

history & why it existsrecord from the source credit

1918Enacted · Act of Apr. 10, 1918, ch. 50 · 40 Stat. 516

A history note hasn’t been published yet. The record shows enactment by ch. 50 on 1918-04-10.

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