C.F.R. » Title 12 » CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY › PART 150—FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS › Subpart D—Terminating Fiduciary Activities Receivership or Liquidation

12 C.F.R. § 150.560

When may the OCC revoke my fiduciary powers?

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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.