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 C - Depositing Securities With State Authorities
  6. 12 CFR § 150.490
12 CFR § 150.490
When must I deposit securities with state authorities?
November 10, 2020
CFR

You must deposit securities with a state's authorities or, if applicable, a Federal Home Loan Bank under §150.510, if you meet all of the following:

(a) You are located in the state.

(b) You act as a private or court-appointed trustee.

(c) The law of the state requires corporations acting in a fiduciary capacity to deposit securities with state authorities for the protection of private or court trusts.

Next
§ 150.500 How much must I deposit if I administer fiduciary assets in more than one state?

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