Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter I - Comptroller of the Currency, Department of the Treasury |
Part 9 - Fiduciary Activities of National Banks |
Regulations |
§ 9.16 - Receivership or voluntary liquidation of bank.
Latest version.
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§ 9.16 Receivership or voluntary liquidation of bank.
If the OCC appoints a receiver for an uninsured national bank, or if a national bank places itself in voluntary liquidation, the receiver or liquidating agent shall promptly close or transfer to a substitute fiduciary all fiduciary accounts, in accordance with OCC instructions and the orders of the court having jurisdiction.