12 C.F.R. § 150.520

What happens if I am placed in receivership or voluntary liquidation?

Last amended: 2017Year: 2026Length: 47 wordsOfficial source

Cite as 12 C.F.R. § 150.520 (2026)

If the OCC appoints a conservator or receiver, or if you place yourself in voluntary liquidation, the receiver, conservator, or liquidating agent must promptly close or transfer all fiduciary accounts to a substitute fiduciary, in accordance with OCC instructions and the orders of the court having jurisdiction.
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