Rules and Regulations. Notice
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/register/2002/02/04/02-2551A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 6718-02-P FEDERAL TRADE COMMISSION Revised Jurisdictional Thresholds for Section 8 of the Clayton Act AGENCY: Federal Trade Commission. ACTION: Notice. SUMMARY: The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of Section 8 of the Clayton Act. Section 8 prohibits, with certain exceptions, one person from serving as a director or officer of two competing corporations if two thresholds are met.
Competitor corporations are covered by Section 8 if each one has capital, surplus, and undivided profits aggregating more than $10,000,000, with the exception that no corporation is covered if the competitive sales of either corporation are less than $1,000,000. Section 8(a)(5) requires the Federal Trade Commission to revise those thresholds annually, based on the change in gross national product. The new thresholds, which take effect immediately, are $18,193,000 for section 8(a)(1), and $1,819,300 for Section 8(a)(2)(A).
EFFECTIVE DATE: February 4, 2002. FOR FURTHER INFORMATION CONTACT: H. Gabriel Dagen, Bureau of Competition, Office of Accounting and Financial Analysis,
(202)326-2573. Authority: 15 U.S.C. 19(a)(5). By direction of the Commission. Donald S. Clark, Secretary. [FR Doc. 02-2551 Filed 2-1-02; 8:45 am]
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