12 CFR 150.540
§ 150.540 When will the OCC terminate my fiduciary powers?
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 150.540, § 150.540 When will the OCC terminate my fiduciary powers?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43758
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Full text
If, after appropriate investigation, the OCC is satisfied that you have been discharged from all fiduciary duties, the appropriate OCC licensing office will issue a written notice indicating that you are no longer authorized to exercise fiduciary powers.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.