Title 15 — Commerce and TradeRelease 119-73not60
§717k Officials Dealing in Securities
Title 15 › Chapter 15B— NATURAL GAS › § 717k
Summary
Officers and directors of natural-gas companies must not, directly or through others, take money or other value tied to negotiating, pledging, or selling the company’s securities, share sale proceeds, or take part in paying dividends (except for liquidating dividends) from its capital account.
Full Legal Text
Title 15, §717k
Commerce and Trade — Source: USLM XML via OLRC
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.
Reference
Citations & Metadata
Citation
15 U.S.C. § 717k
Title 15 — Commerce and Trade
Last Updated
Apr 3, 2026
Release point: 119-73not60