12 CFR 9.15
§ 9.15 Fiduciary compensation.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 9.15, § 9.15 Fiduciary compensation, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43044
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Full text
(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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.