Page:United States Statutes at Large Volume 80 Part 1.djvu/46

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PUBLIC LAW 89-357-MAR. 1, 1966

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Prior mergers.

26 Stat. 209.

"Antitrust 38 Stat. 730.

12 USC 1828.

[80 STAT.

" (C) its future earnings prospects, ' - -. " (I)) the general character of its management, " (E) the convenience and needs of the community to be served, and " (F) whether or not its corporate powers are consistent with the purposes of this Act." i^y(^ 2. (a) Any merger, consolidation, acquisition of assets, or assumption of liabilities involving an insured bank which was consummated prior to June 17, 1968, the bank resulting from which has not been dissolved or divided and has not effected a sale or distribution of assets and has not taken any other similar action pursuant to a final judgment under the antitrust laws prior to the enactment of this Act, shall be conclusively presumed to have not been in violation of any antitrust laws other than section 2 of the Act of July 2, 1890 (section 2 of the Sherman Antitrust Act, 15 U.S.C. 2). (b) No merger, consolidation, acquisition of assets, or assumption of liabilities involving an insured bank which was consummated after June 16, 1963, and prior to the date of enactment of this Act and as to which no litigation was initiated by the Attorney General prior to the date of enactment of this Act may be attacked after such date in any judicial proceeding on the ground that it alone and of itself constituted a violation of any antitrust laws other than section 2 of the Act of j^j|y g, 1890 (section 2 of the Sherman Antitrust Act, 15 U.S.C. 2). (c) Any court having pending before it on or after the date of enactment of this Act any litigation initiated under the antitrust laws by the Attorney General after June 16, 1963, with respect to the merger, consolidation, acquisition of assets, or assumption of liabilities of an insured bank consununated after June 16, 1963, shall apply the substantive rule of law set forth in section 18(c)(5) of the Federal Deposit Insurance Act, as amended by this Act. ^(j^ PQJ. fl^g purposBS of this section, the term "antitrust laws" means the Act of July 2, 1890 (the Sherman Antitrust Act, 15 U.S.C. i_7)^ the Ac't of October 15, 1914 (the Clayton Act, 15 U.S.C. 12-27), and any other Acts in pari materia. SEC. 3. Any application for approval of a merger transaction (as the term "merger transaction" is used in section 18(c) of the Federal Deposit Insurance Act) which was made before the date of enactment of this Act, but was withdrawn or abandoned as a result of any objections made or any suit brought by the Attornej^ General, may be reinstituted and shall be acted upon in accordance with the provisions of this Act without prejudice by sudi withdraw-al, abandonment, objections, or judicial proceedings. Approved February 21, 1966. > /;.

Public Law 89-357 March 1, 1966 [H. J. Res. 403]

JOINT RESOLUTION Authorizing an appropriation to enable the United States to extend an invitation to the World Health Organization to hold the Twenty-second World Health Assembly in Boston, Massachusetts, in 1989.

Whereas the Twenty-second World Health Assembly is scheduled to be held in 1969; and Whereas the year 1969 is considered particularly appropriate for holding the assembly in Boston, Massachusetts, since that year will mark the centennial of the establishment of the first modern State public health department in Massachusetts in 1869; and 1969 also

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