Federal · Title 7 — Agriculture

7 U.S.C. § 13: Violations, prohibition against dealings in motion picture box office receipts or onion futures; punishment

Misdemeanor

What this law says, in plain English

This statute prohibits contracts for trading motion picture box office receipts or onions for future delivery on U.S. boards of trade. Violations are misdemeanors punishable by fines up to $5,000.

Read the full statutory text

No contract for the sale of motion picture box office receipts (or any index, measure, value, or data related to such receipts) or onions for future delivery shall be made on or subject to the rules of any board of trade in the United States. The terms used in this section shall have the same meaning as when used in the Commodity Exchange Act [ 7 U.S.C. 1 et seq.]. Any person who shall violate the provisions of this section shall be deemed guilty of a misdemeanor and upon conviction thereof be fined not more than $5,000.

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.