{"data":{"id":"us/12-cfr-150.580","jurisdiction":"us","citation":"12 CFR 150.580","heading":"When may I conduct fiduciary activities without obtaining OCC approval?","body":"Subject to the requirements of this subpart E, you do not need OCC approval under subpart B if you conduct fiduciary activities in the following fiduciary capacities:\n(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)).\n(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)).","path":["Title 12—Banks and Banking","CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY","PART 150—FIDUCIARY POWERS OF FEDERAL SAVINGS ASSOCIATIONS","Subpart E—Activities Exempt From This Part"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"87b5dfa0fc49f42c8bccfa714d6485e9e979171028a47186f1cdec433190fda6","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-150.570","next":"us/12-cfr-150.590"},"notice":"GroundRules: Original legal text. Not legal advice."}