§ 1850. Acquisition of subsidiary and tying arrangement: Federal Reserve Board proceedings; application for authorization; competitor as party in interest and person aggrieved; judicial review

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1970

   Bank Holding Company Act Amendments of 1970

   Pub. L. 91–607 title I § 105 · 84 Stat. 1760

   Enacted · 12 U.S.C. § 1850

   Pub. L. 91–607, title I, § 105, Dec. 31, 1970, 84 Stat. 1766

   Source evidence

   Code source credit
   Pub. L. 91–607, title I, § 105, Dec. 31, 1970, 84 Stat. 1766

   Enacted provision · exact public law section
   Sec. 105. 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 3 of the Bank Holding Company Act Ante, p. 1763. of 1956, to engage directly or indirectly in a nonbanking activity pursuant to section 4 of such Act, or to engage in an activity otherwise prohibited under section 106 of this Act, a party who would become a competitor of the applicant or subsidiary thereof by virtue of the applicant’s or its subsidiary’s 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 70 Stat. 138; 80 Stat. 240. 12 USC 1848. Definitions. thereof as provided in section 9 of such Act of 1956 or as otherwise provided by law.

2. 1999

   Pub. L. 106–102 title I § 102(b)(1) · 113 Stat. 1338

   Struck · 12 U.S.C. § 1850

   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”

   Source evidence

   Code amendment note
   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”.

   Enacted provision · exact public law section
   (1) Amendment to the Bank Holding Company Act Amendments of 1970.— Section 105 of the Bank Holding Company Act Amendments of 1970 (12 U.S.C. 1850) is amended by striking “, to engage directly or indirectly in a nonbanking activity pursuant to section 4 of such Act,”.

   Effective date note
   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.

2 of 2 references resolved to an enrolled provision