12 C.F.R. § 550.580 When may I conduct fiduciary activities without obtaining OTS approval?
Title 12 - Banks and Banking
Subject to the requirements of this subpart E, you do not need OTS approval under subpart B if you conduct fiduciary activities in the following fiduciary capacities: (a) Trustee of a trust created or organized in the United States and forming part of a stock bonus, pension, or profit-sharing plan qualifying for specific tax treatment under section 401(d) of the Internal Revenue Code of 1954 (26 U.S.C. 401(d)). (b) Trustee or custodian of a Individual Retirement Account within the meaning of section 408(a) of the Internal Revenue Code of 1954 (26 U.S.C. 408(a)). [62 FR 67703, Dec. 30, 1997, as amended at 67 FR 76299, Dec. 12, 2002]
Title 12: Banks and Banking
PART 550—FIDUCIARY POWERS OF SAVINGS ASSOCIATIONS
Subpart E—Activities Exempt From This Part
§ 550.580 When may I conduct fiduciary activities without obtaining OTS approval?
