12 C.F.R. § 9.16

Receivership or voluntary liquidation of bank.

Last amended: 2017Year: 2026Length: 51 wordsOfficial source

Cite as 12 C.F.R. § 9.16 (2026)

If the OCC appoints a receiver for an uninsured national bank, or if a national bank places itself in voluntary liquidation, the receiver or liquidating agent shall promptly close or transfer to a substitute fiduciary all fiduciary accounts, in accordance with OCC instructions and the orders of the court having jurisdiction.
12 C.F.R. § 9.16: Receivership or voluntary liquidation of bank. | Justis AI