A fiduciary shall exercise reasonable care, skill and caution in making and implementing investment and management decisions. A fiduciary who represents that he has special investment skills shall exercise those skills.
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