§ 150.400. May my fiduciary officer or employee accept a gift or bequest?
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/us/cfr/t12/s§ 150.400·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
You may not permit any fiduciary officer or employee to accept a bequest or gift of fiduciary assets, unless the bequest or gift is directed or made by a relative of the officer or employee or is specifically approved by your board of directors.