12 CFR § 9.16 Fiduciary Activities of National Banks

§ 9.16 Receivership or voluntary liquidation of bank.

Current through Oct 1, 2026 · Read all of Part 9

If the OCC appoints a receiver for an uninsured national bank, or if a national bank places itself in voluntary liquidation, the receiver or liquidating agent shall promptly close or transfer to a substitute fiduciary all fiduciary accounts, in accordance with OCC instructions and the orders of the court having jurisdiction.

← § 9.15 Fiduciary compensation.§ 9.17 Surrender or revocation of fiduciary powers. →