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

FEDERAL · 12 U.S.C. · Chapter 17

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

12 U.S.C. § 1850

Chapter17 — BANK HOLDING COMPANIES

This text of 12 U.S.C. § 1850 (Acquisition of subsidiary and tying arrangement: Federal Reserve Board proceedings; application for authorization; competitor as party in interest and person aggrieved; judicial review) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 U.S.C. § 1850.

Text

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 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 thereof as provided in section 1848 of this title or as otherwise provided by law.

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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 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 thereof as provided in section 1848 of this title or as otherwise provided by law.

Bankamerica Corporation v. Board of Governors of the Federal Reserve System, National Computer Analysts, Inc., Defendant-Intervenor-Appellant. Bankamerica Corporation v. Board of Governors of the Federal Reserve System, National Computer Analysts, Inc., Defendant-Intervenor. Bankamerica Corporation v. Board of Governors of the Federal Reserve System, National Computer Analysts, Inc., Intervenor

596 F.2d 1368 (Ninth Circuit, 1979)

1 case citations

Matthew Lee Vielka O. Peguero Yvonne Santana Inner City Press/community on the Move Homesteader's Association v. Board of Governors of the Federal Reserve System and the Office of Thrift Supervision, U.S. Trust Corporation and Chase Manhattan Corporation, Intervenors. Inner City Press/community on the Move, and Its Members and Affiliates South Bronx/inner City Prospective Homeowners Association Inner City Community Development Loan Fund South Bronx/inner City Small Business Alliance Matthew Lee and Vielka Peguero v. Board of Governors of the Federal Reserve System, Chemical Banking Corporaton, the Chase Manhattan Corporation (Collectively, the "Holding Companies"), Chemical Bank and the Chase Manhattan Bank, N.A. (Collectively, the "Banks"), Intervenors

118 F.3d 905 (Second Circuit, 1997)

Source Credit

History

(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.)

Editorial Notes

Editorial Notes

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".

Statutory Notes and Related Subsidiaries

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.

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Bluebook (online)

12 U.S.C. § 1850, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/1850.