Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 12 - Banks and Banking |
Chapter I - Comptroller of the Currency, Department of the Treasury |
Part 150 - Fiduciary Powers of Federal Savings Associations |
Subpart D - Terminating Fiduciary Activities Receivership or Liquidation |
Surrender of Fiduciary Powers |
§ 150.540 - When will the OCC terminate my fiduciary powers?
Latest version.
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§ 150.540 When will the OCC terminate my fiduciary powers?
If, after appropriate investigation, the OCC is satisfied that you have been discharged from all fiduciary duties, the appropriate OCC licensing office will issue a written notice indicating that you are no longer authorized to exercise fiduciary powers.