12 CFR 150.520
§ 150.520 What happens if I am placed in receivership or voluntary liquidation?
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 150.520, § 150.520 What happens if I am placed in receivership or voluntary liquidation?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43756
- Permanent ID
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Full text
If the OCC appoints a conservator or receiver, or if you place yourself in voluntary liquidation, the receiver, conservator, or liquidating agent must promptly close or transfer all fiduciary accounts to a substitute fiduciary, in accordance with OCC instructions and the orders of the court having jurisdiction.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.