12 CFR 150.230
§ 150.230 Who must maintain custody or control of assets in a fiduciary account?
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 150.230, § 150.230 Who must maintain custody or control of assets in a fiduciary account?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43726
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Full text
You must place assets of fiduciary accounts in the joint custody or control of not fewer than two fiduciary officers or employees designated for that purpose by the 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.