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 D - Terminating Fiduciary Activities |
Surrender of Fiduciary Powers |
§ 550.540 - When will the OTS terminate my fiduciary powers?
Latest version.
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§ 550.540 When will the OTS terminate my fiduciary powers?
If, after appropriate investigation, the Regional Director is satisfied that you have been discharged from all fiduciary duties, the Regional Director will issue a written notice indicating that you are no longer authorized to exercise fiduciary powers.