GroundRules
12 CFR 150.520: What happens if I am placed in receivership or voluntary liquidation?
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 D—Terminating Fiduciary Activities Receivership or Liquidation
If the OCC appoints a conservator or receiver, 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 OCC instructions and the orders of the court having jurisdiction.
Collected 2026-08-27T02:24:16Z. Source file · JSON