---
kind: "section"
citation: "12 C.F.R. § 150.240"
title: "12"
number: "150.240"
heading: "May I hold investments of a fiduciary account off-premises?"
url: "https://uscodex.org/cfr/12/150.240"
---

# §150.240. May I hold investments of a fiduciary account off-premises?


You may hold the investments of a fiduciary account off-premises, if this practice is consistent with applicable law, and you maintain adequate safeguards and controls.


## Notes

### Authority

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

### Source

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