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 - Compensation, Gifts, and Bequests
  7. 12 CFR § 150.390
12 CFR § 150.390
May my officer or employee retain compensation for acting as a co-fiduciary?
November 10, 2020
CFR

You may not permit your officers or employees to retain any compensation for acting as a co-fiduciary with you in the administration of a fiduciary account, except with the specific approval of your board of directors.

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§ 150.380 May I earn compensation for acting in a fiduciary capacity?
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§ 150.400 May my fiduciary officer or employee accept a gift or bequest?

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