Amendment to Section 10 of the Clayton Act
Format: Paperback
ISBN13: 9780217678612
Paperback|9780217678612
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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: perhaps it will be interesting to you to follow the paragraph to which Mr. Thom has referred as I read from section 20a: Afier tills section takes effect It shall be unlawful for any officer or director of ony carrier to receive for his own benefit, directly or indirectly, any money or thing of value in respect of the negotiation, hyiiothecntion, or sale of any securities issued or to be issued by such carrier. You will see that the wording of paragraph 7 of this bill is substantially identical with that which I have read from section 20a, but you will note that section 20a is confined to the securities issued or to be issued by such carrier, and we can not see any reason why there should not be the same prohibition against making a personal profit from the transaction if it was the security of some other corporation not issued by that carrier, but which that carrier was either purchasing or selling. The Chairman. Is that all, Mr. Clark? Mr. Clark. Yes, sir. The Chairman. I notice that Mr. McXamara and Mr. Doak are present. Do they desire to be heard ? Mr. Doak. No, sir. The Chairman. Are there any other parties present who desire to be heard? After a pause.] If not, this will close the hearings, and we are much obliged to you gentlemen for appearing this morning. STATEMENT SUBMITTED BY MR. GLENN E. PLUMB. MEMORANDUM BY GLENN E. PLUMB, GENERAL COUNSEL OF THE 16 ASSOCIATED RAILROAD LABOR OROANI/ATIONS, IN REFERENCE TO HOUSE BILL 100(10, AN ACT TO AMEND SECTION 10 OF THE CLAYTON ACT, INTRODUCED BY HON. JOHN,1. ESCII. I have not had an opportunity to examine the Esch bill, but I take it for granted that it is the same as the Townsend bill, which was recently reported to the Senate. The Townsend bill is really the original Frelinghuysen bill, amended...
| ISBN-13 | 9780217678612 |
|---|---|
| ISBN-10 | 0217678610 |
| Weight | 0.19 Pounds |
| Dimensions | 9.00 x 6.00 x 0.11 In |
| List Price | $14.14 |
| Format | Paperback |
|---|---|
| Pages | 48 pages |
| Publisher | |
| Published On | 2009-08-01 |
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