When may the OCC revoke my fiduciary powers?

CFR · 2024-01-01 · US · Title 12

The OCC may revoke your fiduciary powers if it determines that you have done any of the following: (a) Exercised those fiduciary powers unlawfully or unsoundly. (b) Failed to exercise those fiduciary powers for five consecutive years. (c) Otherwise failed to follow the requirements of this part.

official document · source cfr-2024 · id 12:§ 150.560