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Title 12

Displaying title 12, up to date as of 6/10/2026. Title 12 was last amended 6/09/2026.
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§ 150.400 May my fiduciary officer or employee accept a gift or bequest?

You may not permit any fiduciary officer or employee to accept a bequest or gift of fiduciary assets, unless the bequest or gift is directed or made by a relative of the officer or employee or is specifically approved by your board of directors.