12 CFR 550.530 - How do I surrender fiduciary powers?

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Title 12: Banks and Banking

CHAPTER V: OFFICE OF THRIFT SUPERVISION, DEPARTMENT OF THE TREASURY

PART 550: FIDUCIARY POWERS OF SAVINGS ASSOCIATIONS

Subpart D: Terminating Fiduciary Activities

: Surrender of Fiduciary Powers

550.530 - How do I surrender fiduciary powers

If you want to surrender your fiduciary powers, you must file a certified copy of a resolution of your board of directors evidencing that intent. You must file the resolution with the appropriate Regional Office at the address listed in ? 516.40(a) of this chapter.

[62 FR 66703, Dec. 30, 1997, as amended at 66 FR 13006, Mar. 2, 2001]

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