12 C.F.R. § 150.560

When may the OCC revoke my fiduciary powers?

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

Cite as 12 C.F.R. § 150.560 (2026)

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.
12 C.F.R. § 150.560: When may the OCC revoke my fiduciary powers? | Justis AI