15 U.S.C. § 717K
Section 717k · Officials dealing in securities
Amended 1 time on record
Applied in 1 court decisions — leading case Schneidewind v. ANR Pipeline Co. (1988)
Most recently applied in Schneidewind v. ANR Pipeline Co. (March 1988)
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.