section 1842 of this titlesection 1848 of this titleWith respect to any proceeding before the Federal Reserve Board wherein an applicant seeks authority to acquire a subsidiary which is a bank under 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 or as otherwise provided by law.
Pub. L. 91–607, title I, § 10584 Stat. 1766Pub. L. 106–102, title I, § 102(b)(1)113 Stat. 1341(, , ; , , .)
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
Pub. L. 106–102section 1843 of this titlesection 1842 of this title1999— struck out “, to engage directly or indirectly in a nonbanking activity pursuant to ,” after “”.
Statutory Notes and Related Subsidiaries
Effective Date of 1999 Amendment
Pub. L. 106–102section 161 of Pub. L. 106–102section 24 of this titleAmendment by effective 120 days after , see , set out as a note under .