12 C.F.R. § 550.520 What happens if I am placed in receivership or voluntary liquidation?
Title 12 - Banks and Banking
If the OTS appoints a conservator or receiver for you under part 558 of this chapter, or if you place yourself in voluntary liquidation, the receiver, conservator, or liquidating agent must promptly close or transfer all fiduciary accounts to a substitute fiduciary, in accordance with OTS instructions and the orders of the court having jurisdiction.
Title 12: Banks and Banking
PART 550—FIDUCIARY POWERS OF SAVINGS ASSOCIATIONS
Subpart D—Terminating Fiduciary Activities
Receivership or Liquidation
§ 550.520 What happens if I am placed in receivership or voluntary liquidation?
