Title 15 — Commerce and Trade
Chapter 15B — Natural Gas
§ 717k. Officials dealing in securities
Statutory text
It shall be unlawful for any officer or director of any natural-gas company to receive for his own benefit, directly or indirectly, any money or thing of value in respect to the negotiation, hypothecation, or sale by such natural-gas company of any security issued, or to be issued, by such natural-gas company, or to share in any of the proceeds thereof, or to participate in the making or paying of any dividends, other than liquidating dividends, of such natural-gas company from any funds properly included in capital account.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Natural Gas Act
Pub. L. 75–556 § 12 · 52 Stat. 821
Enacted · 15 U.S.C. § 717k
(June 21, 1938, ch. 556, § 12, 52 Stat. 827.)
Source evidence
Code source credit
(June 21, 1938, ch. 556, § 12, 52 Stat. 827.)Enacted provision · exact public law section
Sec. 12. officials dealing in securities It shall be unlawful for any officer or director of any natural-gas Officials dealing in securities. company to receive for his own benefit, directly or indirectly, any money or thing of value in respect to the negotiation, hypothecation, or sale by such natural-gas company of any security issued, or to be issued, by such natural-gas company, or to share in any of the proceeds thereof, or to participate in the making or paying of any dividends, other than liquidating dividends, of such natural-gas company from any funds properly included in capital account.
1 of 1 references resolved to an enrolled provision
Credits
(June 21, 1938, ch. 556, § 12, 52 Stat. 827.)