Statute · United States Code

26 U.S.C. § 7231 — Failure to obtain license for collection of foreign items

26 U.S.C. § 7231

Type: Statute
Source: United States Code
Jurisdiction: Federal
Date: 2025-01-06
Topic: capital-markets-and-corporate-governance

Any person required by section 7001 (relating to collection of certain foreign items) to obtain a license who knowingly undertakes to collect the payments described in section 7001 without having obtained a license therefor, or without complying with regulations prescribed under section 7001, shall be guilty of a misdemeanor and, upon conviction thereof, shall be fined not more than $5,000, or imprisoned not more than 1 year, or both.

Citator

26 U.S.C. § 7231 — Failure to obtain license for collection of foreign items is in force in the current edition of the Code, and nothing recorded condemns it.

Any person required by section 7001 (relating to collection of certain foreign items) to obtain a license who knowingly undertakes to collect the payments described in section 7001 without having obtained a license therefor, or without complying with regulations prescribed under section 7001, shall be guilty of a misdemeanor and, upon conviction thereof, shall be fined not more than $5,000, or imprisoned not more than 1 year, or both.