Statute 50-113: Trust certificates; creation of trusts.
It shall be unlawful for any corporation to
issue or to own trust
certificates, other than the regularly and lawfully authorized stock
thereof, or for any corporation, agent, officer or employees, or the
directors or stockholders of any corporation, to enter into any
combination, contract or agreement with any person or persons, or with any
stockholder or director thereof, the purpose
and effect of which combination, contract or agreement shall be to place
the management or control of such combination or combinations, or the
manufactured product thereof, in the hands of any trustee or trustees, with
the intent to limit or fix the price or lessen the production and sale of
any article of commerce, use or consumption, or to prevent, restrict or
diminish the manufacture or output of any such article.
History: L. 1889, ch. 257, § 2;
R.S. 1923, 50-113;
L. 2000, ch. 136, § 11; July 1.