Code of Federal Regulations · Section

§ 150.400 — May My Fiduciary Officer Or Employee Accept A Gift Or Bequest?

12 C.F.R. § 150.400

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You may not permit any fiduciary officer or employee to accept a bequest or gift of fiduciary assets, unless the bequest or gift is directed or made by a relative of the officer or employee or is specifically approved by your board of directors.

12 C.F.R. § 150.390 12 C.F.R. § 150.410

Authorizing Statute