Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter V - Office of Thrift Supervision, Department of the Treasury |
Part 550 - Fiduciary Powers of Savings Associations |
Subpart B - Exercising Fiduciary Powers |
Custody and Control of Assets |
§ 550.240 - May I hold investments of a fiduciary account off-premises?
Latest version.
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§ 550.240 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.