---
kind: "section"
citation: "12 C.F.R. § 150.560"
title: "12"
number: "150.560"
heading: "When may the OCC revoke my fiduciary powers?"
url: "https://uscodex.org/cfr/12/150.560"
---

# §150.560. When may the OCC revoke my fiduciary powers?


The OCC may revoke your fiduciary powers if it determines that you have done any of the following:

- (a) **Exercised those fiduciary powers unlawfully or unsoundly.**
- (b) **Failed to exercise those fiduciary powers for five consecutive years.**
- (c) **Otherwise failed to follow the requirements of this part.**

## 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.