Legal Opinion
Independent Insurance Agents of America, Inc. v. Board of Governors of the Federal Reserve System
Court of Appeals for the Fourth Circuit
Decided April 29, 1981No. 80-1611PublishedCited by 5 opinions
1Per curiam
The Independent Insurance Agents of America (IIAA) and the Independent Insurance Agents .of Virginia petition for review of a Federal Reserve Board order approving the application of Virginia National Banks-hares, Inc. (VNB) for permission to engage in the sale of credit-related property and casualty insurance through one of its subsidiaries.
The Bank Holding Act, 12 U.S.C. §§ 1841-1850, generally prohibits a bank holding company from engaging in non-banking activities. The principal exception to the general rule is that bank holding companies may acquire “shares of any company the activities…
2Cases cited1 opinion
- Connecticut Bankers Association v. The Board Of Governors Of The Federal Reserve SystemCourt of Appeals for the D.C. Circuit · 1980
3Cited by5 opinions
- Independent Insurance Agents of America, Inc. v. Board of Governors of the Federal Reserve SystemCourt of Appeals for the Eighth Circuit · 1981
- Independent Insurance Agents Of America, Inc. v. Board Of Governors Of The Federal Reserve SystemCourt of Appeals for the Fourth Circuit · 1981
- Independent Insurance Agents Of America, Inc. v. Board Of Governors Of The Federal Reserve SystemCourt of Appeals for the Eighth Circuit · 1981
- Independent Insurance Agents Of America, Inc. v. Board Of Governors Of The Federal Reserve SystemCourt of Appeals for the Eighth Circuit · 1981
- Independent Insurance Agents of America, Inc., and Independent Insurance Agents of Missouri, Inc. v. Board of Governors of the Federal Reserve System, Intervenor (Commerce Bancshares, Inc.) for Independent Insurance Agents of America, Inc., and Independent Insurance Agents of Missouri, Inc. v. Board of Governors of the Federal Reserve System, Intervenor (Mercantile Bancorporation, Inc.) ForCourt of Appeals for the Eighth Circuit · 1984