12 CFR 150.230 - Who must maintain custody or control of assets in a fiduciary account?

Regulations last checked for updates: May 24, 2025

Title 12 - Banks and Banking last revised: May 21, 2025

View all text of Subpart B [§ 150.130 - § 150.480]

§ 150.230 - Who must maintain custody or control of assets in a fiduciary account?

You must place assets of fiduciary accounts in the joint custody or control of not fewer than two fiduciary officers or employees designated for that purpose by the board of directors.

authority: 12 U.S.C. 1462a,1463,1464,5412

source: 76 FR 49003, Aug. 9, 2011, unless otherwise noted.

cite as: 12 CFR 150.230