Sec. 3. Unlawful conduct
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/bill/118/hr/8622/ih/section-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is unlawful for a rental property owner, in or affecting commerce, or any agent or subcontractor thereof, to subscribe to, contract with, or otherwise exchange anything of value in return for the services of a coordinator, and such action shall be deemed to be a per se violation of the Sherman Act ( 15 U.S.C. 1 et seq. ). It is unlawful for a coordinator, in or affecting commerce, to facilitate an agreement among rental property owners to not compete with respect to residential dwelling units, including by performing a coordinating function.
It is unlawful for any coordinator, in or affecting commerce, to acquire, directly or indirectly, the whole or any part of the stock or other share capital of another coordinator if the acquisition would create an appreciable risk of materially lessening competition in violation of section 7 of the Clayton Act ( 15 U.S.C. 18 ), or tend to create a monopoly or monopsony, and any such acquisition shall be deemed a violation of such section.
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