15 U.S.C. § 63 — Acquisition of stock of export trade corporation
submitted 108 years ago by ch. 50 to r/title-15-COMMERCE-AND-TRADE · 74 words · no verdicts yet
A law against buying up competitors' stock (section 18) doesn't stop a corporation from owning stock in an export-trade-only corporation. That's fine unless the ownership would restrain trade or substantially weaken competition within the U.S.
Nothing contained in section 18 of this title shall be construed to forbid the acquisition or ownership by any corporation of the whole or any part of the stock or other capital of any corporation organized solely for the purpose of engaging in export trade, and actually engaged solely in such export trade, unless the effect of such acquisition or ownership may be to restrain trade or substantially lessen competition within the United States.
Source credit: (Apr. 10, 1918, ch. 50, § 3, 40 Stat. 517.)
- 1918Enacted · Act of Apr. 10, 1918, ch. 50 · 40 Stat. 517
A history note hasn’t been published yet. The record shows enactment by ch. 50 on 1918-04-10.
all 0 arguments · sorted by: best
no arguments yet — make the first case