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

12 CFR 724.3: Appointment of successor trustee or custodian.

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Where this section sits in the code
  1. Title 12—Banks and Banking
  2. CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION
  3. SUBCHAPTER A—REGULATIONS AFFECTING CREDIT UNIONS
  4. PART 724—TRUSTEES AND CUSTODIANS OF CERTAIN TAX-ADVANTAGED SAVINGS PLANS

Any plan operated pursuant to this part shall provide for the appointment of a successor trustee or custodian by a person, committee, corporation or organization other than the Federal credit union or any person acting in his capacity as a director, employee or agent of the Federal credit union upon notice from the Federal credit union or the Board that the Federal credit union is unwilling or unable to continue to act as trustee or custodian.

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

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