CHAPTER 396

AN ACT to amend and reenact §§ 59-20 and 59-40 of the Code
of 1950, relating to the prevention of trusts, combinations
and monopolies wnimical to the public welfare; defining
same and to repeal § 59-80 of the Code of 1950 so as to
remove certain exemptions.

[ H 588 ]

Approved April 5, 1950

Be it enacted by the General Assembly of Virginia:

1. That §§ 59-20 and 59-40 of the Code of 1950 be amended
and reenacted as follows:

§ 59-20. Definitions—The word “person” or “persons”,
as used in this chapter, includes corporations, partnerships and
associations existing under or authorized by any State or terri-
tory of the United States or a foreign country.

A “trust” or “monopoly” is a combination of capital, skill
or acts by two or more persons, firms, partnerships, corporations
or associations of persons, for any or all of the following
purposes:

(1) To create or carry out restrictions in trade or business;

(2) To limit, restrict or reduce the production * of any
natural resource, merchandise or commodities;

(3) To prevent competition in manufacturing, making,
transportation, sale or purchase of merchandise, produce or
commodities ;

(4) To fix at a standard or figure, whereby its price to the
public or consumer is in any manner controlled or established,
any article, thing or commodity of merchandise, produce, busi-
ness or commerce intended for sale, barter, use, enjoyment. or
consumption in this State;

(5) To make, enter into, execute or carry out contracts,
obligations or agreements of any kind or description by which
they: (a) bind or have bound themselves not to sell, dispose
of or transport any article or commodity, or an article of trade,
use, merchandise, commerce or consumption below a common
standard figure or fixed value; (b) agree in any manner to keep
the price of such article, commodity or transportation at a fixed
or graduated figure; (c) in any manner establish or settle the
price of an article, commodity or transportation between them
or themselves and others, so as directly or indirectly to preclude
a free and unrestricted competition among themselves, pur-
chasers or consumers in the sale or transportation of such article
or commodity; or (d) agree to pool, combine or directly or indi-
rectly unite any interests which they have connected with the
sale or transportation of such article or commodity that its price
might in any manner be affected. Nothing herein contained shall
be held or construed to abridge the right to strike.

§ 59-40. To what trusts, combinations and monopolies
chapter applicable-—This chapter shall apply only to those
trusts, combinations and monopolies which are unreasonable or
inimical to the public welfare, as hereinbefore defined. *

2. § 59-30 exempting certain organizations and members
thereof from the provisions of Chapter 3 of the Code of 1950,
is repealed.