1. Regulations
  2. title 7
  3. chapter VII
  4. part 714
  5. § 714.42

View all text of Part 714 [§ 714.35 - § 714.46]

§ 714.42 - Designation of trustee.

Where there is more than one claimant and all the claimants desire to appoint a trustee to receive and disburse any payment to be made to them with respect to the claim, they shall be permitted to appoint a trustee. The person designated as trustee shall execute the declaration of trust.

AUTHORITY: Secs. 372, 375, 52 Stat. 65, as amended, 66, as amended; 7 U.S.C. 1372, 1375.

SOURCE: 35 FR 12098, July 29, 1970, unless otherwise noted.

CITE AS: 7 CFR 714.42