A fiduciary, in the exercise of reasonable care, skill and caution, may retain any asset received in kind, even though the asset constitutes a disproportionally large share of the portfolio.
Cross References. Section 7205 is referred to in section 7204 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 72 - Prudent Investor Rule
Section 7203 - Prudent investor rule
Section 7204 - Diversification
Section 7205 - Retention of inception assets
Section 7207 - Retention of cash; temporary investments
Section 7210 - Common trust fund and mortgage investment fund
Section 7211 - Further investment authority