§ 150.520. What happens if I am placed in receivership or voluntary liquidation?
47 words·~1 min read·
/us/cfr/t12/s§ 150.520·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the OCC appoints a conservator or receiver, or if you place yourself in voluntary liquidation, the receiver, conservator, or liquidating agent must promptly close or transfer all fiduciary accounts to a substitute fiduciary, in accordance with OCC instructions and the orders of the court having jurisdiction.