§ 150.560. When may the OCC revoke my fiduciary powers?
47 words·~1 min read·
/us/cfr/t12/s§ 150.560·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.