12 C.F.R. § 9.15   Fiduciary compensation.


Title 12 - Banks and Banking


Title 12: Banks and Banking
PART 9—FIDUCIARY ACTIVITIES OF NATIONAL BANKS
Regulations

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§ 9.15   Fiduciary compensation.

(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.

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