12 C.F.R. § 150.400

May my fiduciary officer or employee accept a gift or bequest?

Last amended: 2017Year: 2026Length: 44 wordsOfficial source

Cite as 12 C.F.R. § 150.400 (2026)

You may not permit any fiduciary officer or employee to accept a bequest or gift of fiduciary assets, unless the bequest or gift is directed or made by a relative of the officer or employee or is specifically approved by your board of directors.
12 C.F.R. § 150.400: May my fiduciary officer or employee accept a gift or bequest? | Justis AI