---
kind: "section"
citation: "12 C.F.R. § 150.130"
title: "12"
number: "150.130"
heading: "How may I conduct multi-state operations?"
url: "https://uscodex.org/cfr/12/150.130"
---

# §150.130. How may I conduct multi-state operations?

- (a) **Conducting fiduciary activities in more than one state.** You may conduct fiduciary activities in any state, subject to the application and notice requirements in [§ 5.26](/cfr/12/5.26.md) of this chapter.
- (b) **Serving customers in more than one state.** When you conduct fiduciary activities in a state:
  - (1) You may market your fiduciary services to, and act as a fiduciary for, customers located in any state, may act as a fiduciary for relationships that include property located in other states, and may act as a testamentary trustee for a testator located in other states.
  - (2) You may establish or utilize an office in any state to perform activities that are ancillary to your fiduciary business.

## Notes

### Amendments

[76 FR 49003, Aug. 9, 2011, as amended at 80 FR 28480, May 18, 2015]

### Authority

Authority: 12 U.S.C. 1462a, 1463, 1464, 5412(b)(2)(B).

### Source

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

### Amendments

[76 FR 49003, Aug. 9, 2011, as amended at 80 FR 28480, May 18, 2015]