Federal regulations · Through 2026-08-25 · Newer source version available

12 CFR 150.490: When must I deposit securities with state authorities?

Where this section sits in the code

Title 12—Banks and Banking
CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
PART 150—FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS
Subpart C—Depositing Securities With State Authorities

You must deposit securities with a state's authorities or, if applicable, a Federal Home Loan Bank under § 150.510, if you meet all of the following:

(a) You are located in the state.

(b) You act as a private or court-appointed trustee.

(c) The law of the state requires corporations acting in a fiduciary capacity to deposit securities with state authorities for the protection of private or court trusts.

Collected 2026-08-27T02:24:16Z. Source file · JSON

Browse this collection