12 CFR 150.590 – What standards must I observe when acting in exempt fiduciary capacities?
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You must observe principles of sound fiduciary administration, including those related to recordkeeping and segregation of assets.
Terms Used In 12 CFR 150.590
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fiduciary: A trustee, executor, or administrator.