§ 1962. Prohibited activities
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/usc/title-18/section-1962A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)It shall be unlawful for any person who has received any income derived, directly or indirectly, from a pattern of racketeering activity or through collection of an unlawful debt in which such person has participated as a principal within the meaning of section 2, title 18, United States Code, to use or invest, directly or indirectly, any part of such income, or the proceeds of such income, in acquisition of any interest in, or the establishment or operation of, any enterprise which is engaged in, or the activities of which affect, interstate or foreign commerce. A purchase of securities on the open market for purposes of investment, and without the intention of controlling or participating in the control of the issuer, or of assisting another to do so, shall not be unlawful under this subsection if the securities of the issuer held by the purchaser, the members of his immediate family, and his or their accomplices in any pattern or racketeering activity or the collection of an unlawful debt after such purchase do not amount in the aggregate to one percent of the outstanding securities of any one class, and do not confer, either in law or in fact, the power to elect one or more directors of the issuer.
(b)It shall be unlawful for any person through a pattern of racketeering activity or through collection of an unlawful debt to acquire or maintain, directly or indirectly, any interest in or control of any enterprise which is engaged in, or the activities of which affect, interstate or foreign commerce.
(c)It shall be unlawful for any person employed by or associated with any enterprise engaged in, or the activities of which affect, interstate or foreign commerce, to conduct or participate, directly or indirectly, in the conduct of such enterprise’s affairs through a pattern of racketeering activity or collection of unlawful debt.
(d)It shall be unlawful for any person to conspire to violate any of the provisions of subsection (a), (b), or
(c)of this section.
(Added Pub. L. 91–452, title IX, § 901(a), Oct. 15, 1970, 84 Stat. 942; amended Pub. L. 100–690, title VII, § 7033, Nov. 18, 1988, 102 Stat. 4398.)
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Cited by 13 sections · top 10
5 references not yet in our index
- Pub. L. 91–452, title IX, § 901(a)
- 84 Stat. 942
- Pub. L. 100–690, title VII, § 7033
- 102 Stat. 4398
- Pub. L. 100–690
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§ 1962
Prohibited activities
Fed. Reg.×8
IRM×3
U.S.C.×2
Pub. L.Pub. L. 91–452, title IX, § 901(a)
Stat.84 Stat. 942
Pub. L.Pub. L. 100–690, title VII, § 7033
Stat.102 Stat. 4398
Pub. L.Pub. L. 100–690
Cites 5Cited by 13 across 3 sources