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. § 150.390

May my officer or employee retain compensation for acting as a co-fiduciary?

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You may not permit your officers or employees to retain any compensation for acting as a co-fiduciary with you in the administration of a fiduciary account, except with the specific approval of your board of directors.