May my officer or employee retain compensation for acting as a co-fiduciary?

  1. Law
  2. CFR 12
  3. Banks and Banking
  4. Comptroller of the Currency, Department of the Treasury
  5. Fiduciary Powers of Federal Savings Associations
  6. Exercising Fiduciary Powers
  7. Compensation, Gifts, and Bequests
  8. May my officer or employee retain compensation for acting as a co-fiduciary?

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§ 150.390 May my officer or employee retain compensation for acting as a co-fiduciary?

You may not permit your officers or employees to retain any compensation for acting as a co-fiduciary with you in the administration of a fiduciary account, except with the specific approval of your board of directors.


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