12 C.F.R. § 150.390 – May my officer or employee retain compensation for acting as a co-fiduciary? | Midpage
§ 150.390
12 C.F.R. § 150.390
May my officer or employee retain compensation for acting as a co-fiduciary?
Effective Jan 1, 2017
You may not permit your officers or employees to retain any compensation for acting as a co-fiduciary with you in the administration of a fiduciary account, except with the specific approval of your board of directors.