Code of Federal Regulations (alpha)

CFR /  Title 12  /  Part 150  /  Sec. 150.400 May my fiduciary officer or employee accept a gift

You may not permit any fiduciary officer or employee to accept a bequest or gift of fiduciary assets, unless the bequest or gift is directed or made by a relative of the officer or employee or is specifically approved by your board of directors.

Recordkeeping Requirements