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Code · CFR · Title 12 — Banks and Banking · Part 150 — Fiduciary Powers of Federal Savings Associations · § 150.390

§ 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·

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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.
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