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Electronic Code of Federal Regulations

e-CFR data is current as of January 21, 2020

Title 12Chapter IPart 150 → Subpart A


Title 12: Banks and Banking
PART 150—FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS


Subpart A—Obtaining Fiduciary Powers


Contents
§150.70   Must I obtain OCC approval or file a notice before I exercise fiduciary powers?

§150.70   Must I obtain OCC approval or file a notice before I exercise fiduciary powers?

Except for fiduciary activities subject solely to subpart E, you should refer to 12 CFR 5.26 to determine if you must obtain OCC approval or file a notice with the OCC before you exercise fiduciary powers. A Federal savings association may not exercise fiduciary powers unless it obtains prior approval from the OCC to the extent required under 12 CFR 5.26.

[80 FR 28480, May 18, 2015]

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