May my fiduciary officer or employee accept a gift or bequest?

CFR · 2024-01-01 · US · Title 12

You may not permit any fiduciary officer or employee to accept a bequest or gift of fiduciary assets, unless the bequest or gift is directed or made by a relative of the officer or employee or is specifically approved by your board of directors.

official document · source cfr-2024 · id 12:§ 150.400