12 CFR 150.560
§ 150.560 When may the OCC revoke my fiduciary powers?
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 150.560, § 150.560 When may the OCC revoke my fiduciary powers?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43760
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Full text
The OCC may revoke your fiduciary powers if it determines that you have done any of the following:
(a) Exercised those fiduciary powers unlawfully or unsoundly.
(b) Failed to exercise those fiduciary powers for five consecutive years.
(c) Otherwise failed to follow the requirements of this part.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.