CFR > Title 12 - Banks and Banking > CHAPTER V—OFFICE OF THRIFT SUPERVISION, DEPARTMENT OF THE TREASURY > PART 550—FIDUCIARY POWERS OF SAVINGS ASSOCIATIONS > SUBPART B—Exercising Fiduciary Powers (§550.130 to §550.480) > 550.230—Who must maintain custody or control of assets in a fiduciary account?

550.230—Who must maintain custody or control of assets in a fiduciary account?

You must place assets of fiduciary accounts in the joint custody or control of not fewer than two fiduciary officers or employees designated for that purpose by the board of directors.