12 CFR 150.240 - May I hold investments of a fiduciary account off-premises?

Regulations last checked for updates: Jun 17, 2024

Title 12 - Banks and Banking last revised: Jun 11, 2024

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

§ 150.240 - 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.

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

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

cite as: 12 CFR 150.240