§9.16. Receivership or voluntary liquidation of bank.
12 C.F.R. § 9.16
If the OCC appoints a receiver for an uninsured national bank, or if a national bank places itself in voluntary liquidation, the receiver or liquidating agent shall promptly close or transfer to a substitute fiduciary all fiduciary accounts, in accordance with OCC instructions and the orders of the court having jurisdiction.
Notes, amendments, and revision history
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.