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12 CFR 150.530

§ 150.530 How do I surrender fiduciary powers?

United States · 12 CFR — Banks and Banking · Status: effective

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12 CFR 150.530, § 150.530 How do I surrender fiduciary powers?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43757
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If you want to surrender your fiduciary powers, you must file a certified copy of a resolution of your board of directors evidencing that intent. You must file the resolution with the appropriate OCC licensing office.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.