12 CFR 333.3 - Consent required for exercise of trust powers.

Regulations last checked for updates: May 05, 2024

Title 12 - Banks and Banking last revised: Apr 23, 2024

View all text of Part 333 [§ 333.1 - § 333.101]

§ 333.3 - Consent required for exercise of trust powers.

Except as provided in 12 CFR 303.242(a), a State nonmember bank or State savings association seeking to exercise trust powers must obtain prior written consent from the FDIC. Procedures for obtaining the FDIC's prior written consent are set forth in 12 CFR 303.242.

[83 FR 60337, Nov. 26, 2018]

authority: 12 U.S.C. 1816; 1817(i); 1818; 1819(a) (“Seventh”, “Eighth”, and “Tenth”), 1828, 1828(m), 1831p-1(c), 5414 and 5415

cite as: 12 CFR 333.3