---
kind: "section"
citation: "12 C.F.R. § 9.15"
title: "12"
number: "9.15"
heading: "Fiduciary compensation."
url: "https://uscodex.org/cfr/12/9.15"
---

# §9.15. Fiduciary compensation.

- (a) **Compensation of bank.** If the amount of a national bank's compensation for acting in a fiduciary capacity is not set or governed by applicable law, the bank may charge a reasonable fee for its services.
- (b) **Compensation of co-fiduciary officers and employees.** A national bank may not permit any officer or employee to retain any compensation for acting as a co-fiduciary with the bank in the administration of a fiduciary account, except with the specific approval of the bank's board of directors.

## Notes

### Authority

Authority: 12 U.S.C. 24 (Seventh), 92a, and 93a; 15 U.S.C. 78q, 78q-1, and 78w.

### Source

Source: 61 FR 68554, Dec. 30, 1996, unless otherwise noted.