12 CFR 150.230 - Who must maintain custody or control of assets in a fiduciary account?

U.S. Code of Federal Regulations

Regulations most recently checked for updates: Aug 27, 2025

View all text of Subpart B [§ 150.130 - § 150.480]

§ 150.230 - Who must maintain custody or control of assets in a fiduciary account?

You must place assets of fiduciary accounts in the joint custody or control of not fewer than two fiduciary officers or employees designated for that purpose by the board of directors.