§ 150.390. May my officer or employee retain compensation for acting as a co-fiduciary?
36 words·~1 min read·
/us/cfr/t12/s§ 150.390·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.