C.F.R. » Title 12 » CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY › PART 150—FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS › Subpart B—Exercising Fiduciary Powers

12 C.F.R. § 150.230

Who must maintain custody or control of assets in a fiduciary account?

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You must place assets of fiduciary accounts in the joint custody or control of not fewer than two fiduciary officers or employees designated for that purpose by the board of directors.