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Code · CFR · Title 12 — Banks and Banking · Part 150 — Fiduciary Powers of Federal Savings Associations · § 150.600

§ 150.600. How may funds be invested when I act in an exempt fiduciary capacity?

61 words·~1 min read·/us/cfr/t12/s§ 150.600·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

If you act in an exempt fiduciary capacity under § 150.580, the funds of the fiduciary account may be invested only in the following:
(a)Your accounts, deposits, obligations, or securities.
(b)Other assets as the customer may direct, provided you do not exercise any investment discretion and do not directly or indirectly provide any investment advice for the fiduciary account.
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