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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter I - Comptroller of the Currency, Department of the Treasury |
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Part 150 - Fiduciary Powers of Federal Savings Associations |
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Subpart B - Exercising Fiduciary Powers |
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Custody and Control of Assets |
§ 150.240 - May I hold investments of a fiduciary account off-premises?
Latest version.
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§ 150.240 May I hold investments of a fiduciary account off-premises?
You may hold the investments of a fiduciary account off-premises, if this practice is consistent with applicable law, and you maintain adequate safeguards and controls.