1. Regulations
  2. title 12
  3. chapter I
  4. part 150
  5. subpart B
  6. subjgrp 44
  7. § 150.400

View all text of Subjgrp 44 [§ 150.380 - § 150.400]

§ 150.400 - May my fiduciary officer or employee accept a gift or bequest?

You may not permit any fiduciary officer or employee to accept a bequest or gift of fiduciary assets, unless the bequest or gift is directed or made by a relative of the officer or employee or is specifically approved by your 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 150.400