Browse Arkansas Code titles and sections
7 U.S.C. § 292 — Monopolizing or restraining trade and un-
Federal law — U.S. Code and appendices · legal_authorities
Page 365
TITLE 7—AGRICULTURE
§ 292
keting in interstate and foreign commerce, such
products of persons so engaged. Such associa-
tions may have marketing agencies in common;
and such associations and their members may
make the necessary contracts and agreements
to effect such purposes: Provided, however, That
such associations are operated for the mutual
benefit of the members thereof, as such pro-
ducers, and conform to one or both of the fol-
lowing requirements:
First. That no member of the association is al-
lowed more than one vote because of the amount
of stock or membership capital he may own
therein, or,
Second. That the association does not pay
dividends on stock or membership capital in ex-
cess of 8 per centum per annum.
And in any case to the following:
Third. That the association shall not deal in
the products of nonmembers to an amount
greater in value than such as are handled by it
for members.
(Feb. 18, 1922, ch. 57, § 1, 42 Stat. 388.)
§ 292. Monopolizing or restraining trade and un-
duly enhancing prices prohibited; remedy
and procedure
If the Secretary of Agriculture shall have rea-
son to believe that any such association monop-
olizes or restrains trade in interstate or foreign
commerce to such an extent that the price of
any agricultural product is unduly enhanced by
reason thereof, he shall serve upon such associa-
tion a complaint stating his charge in that re-
spect, to which complaint shall be attached, or
contained therein, a notice of hearing, speci-
fying a day and place not less than thirty days
after the service thereof, requiring the associa-
tion to show cause why an order should not be
made directing it to cease and desist from mo-
nopolization or restraint of trade. An associa-
tion so complained of may at the
Source: Supplied 2024 U.S. Code historical extraction · 7 U.S.C. § 292
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Page 365
TITLE 7—AGRICULTURE
§ 292
keting in interstate and foreign commerce, such
products of persons so engaged. Such associa-
tions may have marketing agencies in common;
and such associations and their members may
make the necessary contracts and agreements
to effect such purposes: Provided, however, That
such associations are operated for the mutual
benefit of the members thereof, as such pro-
ducers, and conform to one or both of the fol-
lowing requirements:
First. That no member of the association is al-
lowed more than one vote because of the amount
of stock or membership capital he may own
therein, or,
Second. That the association does not pay
dividends on stock or membership capital in ex-
cess of 8 per centum per annum.
And in any case to the following:
Third. That the association shall not deal in
the products of nonmembers to an amount
greater in value than such as are handled by it
for members.
(Feb. 18, 1922, ch. 57, § 1, 42 Stat. 388.)
§ 292. Monopolizing or restraining trade and un-
duly enhancing prices prohibited; remedy
and procedure
If the Secretary of Agriculture shall have rea-
son to believe that any such association monop-
olizes or restrains trade in interstate or foreign
commerce to such an extent that the price of
any agricultural product is unduly enhanced by
reason thereof, he shall serve upon such associa-
tion a complaint stating his charge in that re-
spect, to which complaint shall be attached, or
contained therein, a notice of hearing, speci-
fying a day and place not less than thirty days
after the service thereof, requiring the associa-
tion to show cause why an order should not be
made directing it to cease and desist from mo-
nopolization or restraint of trade. An associa-
tion so complained of may at the time and place
so fixed show cause why such order should not
be entered. The evidence given on such a hearing
shall be taken under such rules and regulations
as the Secretary of Agriculture may prescribe,
reduced to writing, and made a part of the
record therein. If upon such hearing the Sec-
retary of Agriculture shall be of the opinion
that such association monopolizes or restrains
trade in interstate or foreign commerce to such
an extent that the price of any agricultural
product is unduly enhanced thereby, he shall
issue and cause to be served upon the associa-
tion an order reciting the facts found by him, di-
recting such association to cease and desist
from monopolization or restraint of trade. On
the request of such association or if such asso-
ciation fails or neglects for thirty days to obey
such order, the Secretary of Agriculture shall
file in the district court in the judicial district
in which such association has its principal place
of business a certified copy of the order and of
all the records in the proceeding, together with
a petition asking that the order be enforced, and
shall give notice to the Attorney General and to
said association of such filing. Such district
court shall thereupon have jurisdiction to enter
a decree affirming, modifying, or setting aside
said order, or enter such other decree as the
court may deem equitable, and may make rules
as to pleadings and proceedings to be had in con-
sidering such order. The place of trial may, for
cause or by consent of parties, be changed as in
other causes.
The facts found by the Secretary of Agri-
culture and recited or set forth in said order
shall be prima facie evidence of such facts, but
either party may adduce additional evidence.
The Department of Justice shall have charge of
the enforcement of such order. After the order is
so filed in such district court and while pending
for review therein the court may issue a tem-
porary writ of injunction forbidding such asso-
ciation from violating such order or any part
thereof. The court may, upon conclusion of its
hearing, enforce its decree by a permanent in-
junction or other appropriate remedy. Service of
such complaint and of all notices may be made
upon such association by service upon any offi-
cer or agent thereof engaged in carrying on its
business, or on any attorney authorized to ap-
pear in such proceedings for such association,
and such service shall be binding upon such as-
sociation, the officers, and members thereof.
(Feb. 18, 1922, ch. 57, § 2, 42 Stat. 388.)
Statutory Notes and Related Subsidiaries
RESTRICTION ON USE OF FUNDS RESPECTING STUDY, IN-
VESTIGATION, OR PROSECUTION OF ANY AGRICULTURAL
COOPERATIVE
OR
STUDY
OR
INVESTIGATION
OF
ANY
AGRICULTURAL MARKETING ORDERS
For provisions restricting the use of funds authorized
to be appropriated to carry out section 41 et seq. of
Title 15, Commerce and Trade, for fiscal year 1980, 1981,
or 1982, for the purpose of conducting any study, inves-
tigation, or prosecution of any provisions of this chap-
ter, see section 20 of Pub. L. 96–252, set out as a note
under section 57c of Title 15.
CHAPTER 13—AGRICULTURAL AND
MECHANICAL COLLEGES
SUBCHAPTER I—COLLEGE-AID LAND
APPROPRIATION
Sec.
301.
Land grant aid of colleges.
302.
Method
of
apportionment
and
selection;
issuance of land scrip.
303.
Management expenses paid by State.
304.
Investment of proceeds of sale of land or
scrip.
305.
Conditions of grant.
306.
Repealed.
307.
Fees for locating land scrip.
308.
Reports by State governors of sale of scrip.
309.
Land grants in the State of North Dakota.
SUBCHAPTER II—COLLEGE-AID ANNUAL
APPROPRIATION
321.
Secretary of Agriculture to administer an-
nual college-aid appropriation.
322.
Annual appropriation.
323.
Racial discrimination by colleges restricted.
324.
Time, manner, etc., of annual payments.
325.
State to replace funds misapplied, etc.; re-
strictions on use of funds; reports by col-
leges.
326.
Ascertainment and certification of amounts
due
States;
certificates
withheld
from
States; appeal to Congress.
326a.
Annual appropriations for Puerto Rico, Vir-
gin Islands, American Samoa, Guam, North-
ern Mariana Islands, Federated States of
Micronesia, Republic of the Marshall Is-
lands, and Republic of Palau.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
If the Secretary of Agriculture shall have reason to believe that any such association monopolizes or restrains trade in interstate or foreign commerce to such an extent that the price of any agricultural product is unduly enhanced by reason thereof, he shall serve upon such association a complaint stating his charge in that respect, to which complaint shall be attached, or contained therein, a notice of hearing, specifying a day and place not less than thirty days after the service thereof, requiring the association to show cause why an order should not be made directing it to cease and desist from monopolization or restraint of trade. An association so complained of may at the time and place so fixed show cause why such order should not be entered. The evidence given on such a hearing shall be taken under such rules and regulations as the Secretary of Agriculture may prescribe, reduced to writing, and made a part of the record therein. If upon such hearing the Secretary of Agriculture shall be of the opinion that such association monopolizes or restrains trade in interstate or foreign commerce to such an extent that the price of any agricultural product is unduly enhanced thereby, he shall issue and cause to be served upon the association an order reciting the facts found by him, directing such association to cease and desist from monopolization or restraint of trade. On the request of such association or if such association fails or neglects for thirty days to obey such order, the Secretary of Agriculture shall file in the district court in the judicial district in which such association has its principal place of business a certified copy of the order and of all the records in the proceeding, together with a petition asking that the order be enforced, and shall give
Source: Supplied U.S. Code snapshot — release unconfirmed · 7 U.S.C. § 292
Stored review status: release_metadata_unconfirmed. Same stored citation; legal effect and authority still require review.