1. Regulations
  2. title 12
  3. chapter I
  4. part 150
  5. subpart B
  6. subjgrp 40
  7. § 150.230

View all text of Subjgrp 40 [§ 150.230 - § 150.250]

§ 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(b)(2)(B).

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

CITE AS: 12 CFR 150.230