Title 12

SECTION 333.3

333.3 Consent required for exercise of trust powers.

§ 333.3 Consent required for exercise of trust powers.

Except as provided in 12 CFR 303.242(a), a State nonmember bank or State savings association seeking to exercise trust powers must obtain prior written consent from the FDIC. Procedures for obtaining the FDIC's prior written consent are set forth in 12 CFR 303.242.

[83 FR 60337, Nov. 26, 2018]

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