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CFR › Title 12 › Chapter I › Part 9 › Section 9.17

12 CFR 9.17 - Surrender or revocation of fiduciary powers.

There is 1 rule appearing in the Federal Register for 12 CFR 9. Select the tab below to view, or View eCFR (GPOAccess)
§ 9.17
Surrender or revocation of fiduciary powers.
(a) Surrender. In accordance with 12 U.S.C. 92a(j), a national bank seeking to surrender its fiduciary powers shall file with the OCC a certified copy of the resolution of its board of directors evidencing that intent. If, after appropriate investigation, the OCC is satisfied that the bank has been discharged from all fiduciary duties, the OCC will provide written notice that the bank is no longer authorized to exercise fiduciary powers.
(b) Revocation. If the OCC determines that a national bank has unlawfully or unsoundly exercised, or has failed for a period of five consecutive years to exercise its fiduciary powers, the Comptroller may, in accordance with the provisions of 12 U.S.C. 92a(k), revoke the bank's fiduciary powers.

Title 12 published on 2012-01-01

The following are only the Rules published in the Federal Register after the published date of Title 12.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2012-10-09; vol. 77 # 195 - Tuesday, October 9, 2012
    1. 77 FR 61229 - Short-Term Investment Funds
      GPO FDSys XML | Text
      DEPARTMENT OF THE TREASURY, Office of the Comptroller of the Currency
      Final rule.
      The final rule is effective on July 1, 2013. Comments are solicited only on the Paperwork Reduction Act aspects of this final rule and must be submitted by November 8, 2012.
      12 CFR Part 9

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
USC : Title 12 - BANKS AND BANKING

§ 24 - Corporate powers of associations

§ 92a - Trust powers

§ 93a - Authority to prescribe rules and regulations

USC : Title 15 - COMMERCE AND TRADE

§ 78q - Records and reports

15 USC § 78q–1 - National system for clearance and settlement of securities transactions

§ 78w - Rules, regulations, and orders; annual reports

Title 12 published on 2012-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR 9 after this date.

  • 2012-10-09; vol. 77 # 195 - Tuesday, October 9, 2012
    1. 77 FR 61229 - Short-Term Investment Funds
      GPO FDSys XML | Text
      DEPARTMENT OF THE TREASURY, Office of the Comptroller of the Currency
      Final rule.
      The final rule is effective on July 1, 2013. Comments are solicited only on the Paperwork Reduction Act aspects of this final rule and must be submitted by November 8, 2012.
      12 CFR Part 9