12 U.S.C. 1842: Acquisition of bank shares or assets

2010

• Pub. L. 111–203, §604(d), added par. (7). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)
• Pub. L. 111–203, §607(a), substituted "well capitalized and well managed" for "adequately capitalized and adequately managed". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)

2006

• Pub. L. 109–173 substituted "Deposit Insurance Fund" for "appropriate deposit insurance fund". (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (d)

2004

• Pub. L. 108–386 struck out "or a District bank" after "national banking association" in first sentence. (2004 District of Columbia Omnibus Authorization Act) Law text · (b)

2001

• Pub. L. 107–56 added par. (6). (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001) Law text · (c)

1999

• Pub. L. 106–102, §118, amended subsec. (f) generally, substituting "(f) [Repealed]." for provisions relating to authorized activities of qualified savings banks which are subsidiaries of bank holding companies. (Gramm-Leach-Bliley Act) Law text · (f)
• Pub. L. 106–102, §105, amended heading and text of par. (2) generally. Prior to amendment, text read as follows: "A corporation organized as a holding company under this subsection shall be regulated on the same terms and be subject to the same limitations as any other holding compa… (Gramm-Leach-Bliley Act) Law text · (g)

1994

• Pub. L. 103–325, §319(a), substituted "(B)" for "or (B)" and added subpar. (C). · (a)
• Pub. L. 103–328 amended subsec. (d) generally. Prior to amendment, subsec. (d) read as follows: "Notwithstanding any other provision of this section, no application (except an application filed as a result of a transaction authorized under section 1823(f) of this title) shall be approv… · (d)
• Pub. L. 103–325, §322(c)(1), struck out after first sentence "This subsection does not apply to a bank described in the last sentence of section 1841(c) of this title." · (e)

1991

• Pub. L. 102–242, §202(d), inserted heading, inserted par. (1) designation and heading, redesignated former pars. (1) and (2) as subpars. (A) and (B), respectively, inserted par. (2) designation and heading, added par. (3), and inserted par. (4) designation and heading. · (c)
• Pub. L. 102–242, §210, added par. (5). · (c)

1989

• Pub. L. 101–73, which directed the substitution of "an insured depository institution as defined in section 1813 of this title" for "an insured bank as defined in section 1813(h) of this title", was executed by making the substitution for "an insured bank as such term is defined in sec… · (e)

1987

• Pub. L. 100–86, §509(a), repealed Pub. L. 97–320, §141. See 1982 Amendment note below.
• Pub. L. 100–86, §502(h)(1), designated existing provisions as par. (1) and added par. (2). · (b)
• Pub. L. 100–86, §101(d), added subsec. (f). · (f)
• Pub. L. 100–86, §107(b), added subsec. (g). · (g)

1982

• Pub. L. 97–320, §118(c), inserted "(except an application filed as a result of a transaction authorized under section 1823(f) of this title)" after "no application". · (d)
• Pub. L. 97–320, §141(a)(4), which directed that, effective Oct. 13, 1986, the provisions of law amended by section 118 of Pub. L. 97–320 shall be amended to read as they would without such amendment, was repealed by Pub. L. 100–86, §509(a). See Effective and Termination Dates of 1982 Amendment note… · (d)
• Pub. L. 97–320, §404(d)(2), inserted "This subsection does not apply to a bank described in the last sentence of section 1841(c) of this title." · (e)

1980

• Pub. L. 96–221, §713, inserted provisions relating to applications for the formation of one-bank holding companies. · (c)
• Pub. L. 96–221, §712(b), (c), temporarily designated existing provisions as par. (1) and added par. (2). See Termination Date of 1980 Amendment note set out below. · (d)

1977

• Pub. L. 95–188, §301(a), authorized the Board to extend the time for disposition of acquired shares for not more than one year at a time and three years in the aggregate. · (a)
• Pub. L. 95–188, §302, inserted provision for alternative submission of views and recommendations within ten calendar days of the date on which notice is given if the Board advises the appropriate supervisory authority that an emergency exists requiring expeditious action, substituted "… · (b)

1970

• Pub. L. 91–607, §102(1), inserted provision deeming acquisition of bank shares after Dec. 31, 1970, as not being in good faith in a fiduciary capacity if acquiring bank or company has sole discretionary authority to exercise voting rights with respect thereto, and provision for subsequ… · (a)
• Pub. L. 91–607, §102(2), inserted provision deeming an application for approval as granted where Board has not acted on application within 91 day period beginning on date of submission to Board of complete record on application. · (b)
• Pub. L. 91–607, §102(3), added subsec. (e). · (e)

1966

• Pub. L. 89–485, §7(a), (b), expanded the list of acts requiring prior approval of the Board by including therein any action that causes a bank to become a subsidiary of a bank holding company and substituted provisions excepting shares that are held under a trust that constitutes a com… · (a)
• Pub. L. 89–485, §7(c), inserted provision prohibiting any acquisition, merger, or consolidation that would result in a monopoly or would further any combination or conspiracy to monopolize the banking business in any part of the United States or would substantially lessen competition o… · (c)
• Pub. L. 89–485, §7(d), substituted provisions restricting expansion to state in which the operations of the bank holding company's banking subsidiaries were principally conducted, defined, as that state in which total deposits of all such banking subsidiaries were largest, on July 1, 1… · (d)