12 C.F.R. § 550.400 May my fiduciary officer or employee accept a gift or bequest?
Title 12 - Banks and Banking
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.
Title 12: Banks and Banking
PART 550—FIDUCIARY POWERS OF SAVINGS ASSOCIATIONS
Subpart B—Exercising Fiduciary Powers
Compensation, Gifts, and Bequests
§ 550.400 May my fiduciary officer or employee accept a gift or bequest?
