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§150.230. Who must maintain custody or control of assets in a fiduciary account?

12 C.F.R. § 150.230

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.
Notes, amendments, and revision history

Authority

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

Source

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