12 C.F.R. § 550.150 Who is responsible for the exercise of fiduciary powers?
Title 12 - Banks and Banking
The exercise of your fiduciary powers must be managed by or under the direction of your board of directors. In discharging its responsibilities, the board may assign any function related to the exercise of fiduciary powers to any director, officer, employee, or committee of directors, officers, or employees.
Title 12: Banks and Banking
PART 550—FIDUCIARY POWERS OF SAVINGS ASSOCIATIONS
Subpart B—Exercising Fiduciary Powers
Fiduciary Personnel and Facilities
§ 550.150 Who is responsible for the exercise of fiduciary powers?
