Title 12 — Banks and BankingRelease 119-73
§1850 Acquisition of subsidiary and tying arrangement: Federal Reserve Board proceedings; application for authorization; competitor as party in interest and person aggrieved; judicial review
Title 12 › Chapter CHAPTER 17— - BANK HOLDING COMPANIES › § 1850
Summary
If an applicant asks the Federal Reserve Board to buy a bank subsidiary (section 1842) or do an activity barred by chapter 22, a competitor can join the proceeding and seek court review under section 1848.
Full Legal Text
Title 12, §1850
Banks and Banking — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
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 AmendmentAmendment 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.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1850
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73