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Code · STATUTES-AT-LARGE · Vol. 45 STAT. · October 15, 1914 · Chapter 165

Chapter 165. to supplement existing laws against unlawful restraints and monopolies, and for other purposes,” approved October 15, 1914, as amended. 1928-03-09 165 Chapter 45 Stat. 253 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is

388 words·~2 min read·/statutes-at-large/vol-45/chapter-165·

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Chap. 165: To amend section 8 of the Act entitled “An Act to supplement existing laws against unlawful restraints and monopolies, and for other purposes,” approved October 15, 1914, as amended. 1928-03-09 165 Chapter 45 Stat. 253 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-01-24 70 1 public Chapter 165.— An Act To amend section 8 of the Act entitled “An Act to supplement existing laws against unlawful restraints and monopolies, and for other purposes,” approved October 15, 1914, as amended.
March 9, 1928.[[H. R. 6491](/us/bill/70/hr/6491).][[Public, No. 120](/us/pl/70/120).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That the lastAntitrust Act, 1914.Vol. 38, p. 733; Vol. 39,p. 121.[U. S. Code, p. 353](/us/usc/p353).Interlocking directorates. proviso of the second paragraph of section 8 of the Act entitled “An Act to supplement existing laws against unlawful restraints and monopolies, and for other purposes,” found in title 15, chapter 1, section 19, United States Code, approved October 15, 1914, as amended, is amended to read as follows:
" “*And provided further*, That nothing in this Act shall prohibitPrivate bankets, officers of member banks, etc., permitted to serve in not more than two other banks, etc.Vol. 41, p. 626, amended. any private banker from being an officer, director, or employee of not more than two banks, banking associations, or trust companies, or prohibit any officer, director, or employee of any bank, banking association, or trust company, or any class A director of a Federal reserve bank, from being an officer, director, or employee of not more than two other banks, banking associations, or trust companies, whether organized under the laws of the United States or any State, if in any such case there is in force a permit therefor issued by the Federal Reserve Board; and the Federal Reserve Board isAuthority of Federal Reserve Board, to issue or revoke permits. authorized to issue such permit if in its judgment it is not incompatible with the public interest, and to revoke any such permit whenever it finds, after reasonable notice and opportunity to be heard, that the public interest requires its revocation.
” " Approved, March 9, 1928.
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