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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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Compensation, Gifts, and Bequests |
§ 150.390 - May my officer or employee retain compensation for acting as a co-fiduciary?
Latest version.
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§ 150.390 May my officer or employee retain compensation for acting as a co-fiduciary?
You may not permit your officers or employees to retain any compensation for acting as a co-fiduciary with you in the administration of a fiduciary account, except with the specific approval of your board of directors.