Executive Vice President
CANNON FINANCIAL INSTITUTE
Athens, Georgia
Anyone (even if you don’t have a National Charter) who is involved in
the Trust & Fiduciary Business should become thoroughly familiar
with Fiduciary Powers of National Banks and Collective Investment Funds
referred to as 12 CFR 9 or Reg. 9. This federal regulation is
considered the “Gold Standard” or “ The Rules of the Road” when
evaluating the soundness of a fiduciary process and determining whether
a fiduciary has behaved in a prudent manner as other fiduciaries would
have behaved, by exercising reasonable care, skill and caution. Test
your knowledge and see how much you may have forgotten or never known.
