§ 9.15. Fiduciary compensation.
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/us/cfr/t12/s§ 9.15·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Compensation of bank. If the amount of a national bank's compensation for acting in a fiduciary capacity is not set or governed by applicable law, the bank may charge a reasonable fee for its services.
(b)Compensation of co-fiduciary officers and employees. A national bank may not permit any officer or employee to retain any compensation for acting as a co-fiduciary with the bank in the administration of a fiduciary account, except with the specific approval of the bank's board of directors.