§ 150.560 - When may the OCC revoke my fiduciary powers?  


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  • § 150.560 When may the OCC revoke my fiduciary powers?

    The OCC may revoke your fiduciary powers if it determines that you have done any of the following:

    (a) Exercised those fiduciary powers unlawfully or unsoundly.

    (b) Failed to exercise those fiduciary powers for five consecutive years.

    (c) Otherwise failed to follow the requirements of this part.