1. LawStack
  2. Title 12 - Banks and Banking
  3. Chapter I - COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
  4. Part 150 - FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS
  5. Subpart B - Exercising Fiduciary Powers
  6. Topic - Custody and Control of Assets
  7. 12 CFR § 150.240
12 CFR § 150.240
May I hold investments of a fiduciary account off-premises?
November 10, 2020
CFR

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.

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§ 150.230 Who must maintain custody or control of assets in a fiduciary account?
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§ 150.245 When is a fiduciary not required to maintain custody or control of fiduciary assets?

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