Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 12 - Banks and Banking |
Chapter V - Office of Thrift Supervision, Department of the Treasury |
Part 550 - Fiduciary Powers of Savings Associations |
Subpart D - Terminating Fiduciary Activities |
Surrender of Fiduciary Powers |
§ 550.530 - How do I surrender fiduciary powers?
Latest version.
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§ 550.530 How do I surrender fiduciary powers?
If you want to surrender your fiduciary powers, you must file a certified copy of a resolution of your board of directors evidencing that intent. You must file the resolution with the appropriate Regional Office at the address listed in § 516.40(a) of this chapter.
[62 FR 66703, Dec. 30, 1997, as amended at 66 FR 13006, Mar. 2, 2001]