12-U.S.C.-1850
§1850 – Acquisition of Subsidiary and Tying Arrangement: Federal Reserve Board Proceedings; Application For Authorization; Competitor As Party In Interest and Person Aggrieved; Judicial Review
Pathway
Title 12 > Chapter 17 > Section 1850
Details
- Reference: Section 1850
- Legend: §1850 – Acquisition of Subsidiary and Tying Arrangement: Federal Reserve Board Proceedings; Application For Authorization; Competitor As Party In Interest and Person Aggrieved; Judicial Review
- USCode Year: 2013
Provision Content
With respect to any proceeding before the Federal Reserve Board wherein an applicant seeks authority to acquire a subsidiary which is a bank under section 1842 of this title or to engage in an activity otherwise prohibited under chapter 22 of this title, a party who would become a competitor of the applicant or subsidiary thereof by virtue of the applicants or its subsidiarys acquisition, entry into the business involved, or activity, shall have the right to be a party in interest in the proceeding and, in the event of an adverse order of the Board, shall have the right as an aggrieved party to obtain judicial review thereof as provided in section 1848 of this title or as otherwise provided by law.
(Pub. L. 91–607, title I, §105, Dec. 31, 1970, 84 Stat. 1766; Pub. L. 106–102, title I, §102(b)(1), Nov. 12, 1999, 113 Stat. 1341.)
Codification
Section was enacted as part of the Bank Holding Company Act Amendments of 1970, and not as part of the Bank Holding Company Act of 1956 which comprises this chapter.
Amendments
1999—Pub. L. 106–102 struck out , to engage directly or indirectly in a nonbanking activity pursuant to section 1843 of this title, after section 1842 of this title.
Effective Date of 1999 Amendment
Amendment by Pub. L. 106–102 effective 120 days after Nov. 12, 1999, see section 161 of Pub. L. 106–102, set out as a note under section 24 of this title.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-1833B in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-1833B, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-1841 in the Legal Encyclopedia: Credit Institutions
In this entry about 12-U.S.C.-1841, find legal reference material, bibliographies and premiere content related to credit institutions in the American Encyclopedia of Law, presenting a comprehensive view of the United States credit institutions-specific issues, written by authorities in the field.
Leave a Reply