---
kind: "section"
citation: "12 C.F.R. § 150.520"
title: "12"
number: "150.520"
heading: "What happens if I am placed in receivership or voluntary liquidation?"
url: "https://uscodex.org/cfr/12/150.520"
---

# §150.520. What happens if I am placed in receivership or voluntary liquidation?


If the OCC appoints a conservator or receiver, or if you place yourself in voluntary liquidation, the receiver, conservator, or liquidating agent must promptly close or transfer all fiduciary accounts to a substitute fiduciary, in accordance with OCC instructions and the orders of the court having jurisdiction.


## 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.