May my officer or employee retain compensation for acting as a co-fiduciary?

CFR · 2024-01-01 · US · Title 12

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.

official document · source cfr-2024 · id 12:§ 150.390