Pennsylvania Consolidated & Unconsolidated Statutes
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 73 - Municipalities Investments

Extra - Chapter Notes - Enactment. Chapter 73 was added June 30, 1972, P.L.508, No.164,...

Section 7301 - Definition of fiduciary - The term "fiduciary" as used in this chapter shall include...

Section 7302 - Authorized investments; in general - (a) Specifically authorized.--Subject only to the provisions of the governing...

Section 7303 - Government obligations - Obligations of the following governmental bodies shall be authorized investments:...

Section 7304 - Obligations of Federal organizations - Obligations of the following organizations constituted under the laws of...

Section 7305 - Obligations of Pennsylvania governmental organizations - Obligations of the following Pennsylvania governmental organizations shall be authorized...

Section 7306 - Obligations of governmental organizations existing pursuant to the laws of Pennsylvania, other states and the District of Columbia - Obligations of any authority, commission or similar governmental organization existing...

Section 7307 - Corporate bonds - (a) In general.--Any interest-bearing obligation, including bonds, notes, debentures, and...

Section 7308 - Mortgages - One or more bonds or other obligations secured by one...

Section 7309 - Fractional interests - (a) Mortgages.--A fractional interest in an obligation naming a fiduciary...

Section 7310 - Stocks - (a) Preferred and common stock.--Preferred and common stock of any...

Section 7310.1 - Further investment authority - Unless a contrary intent is clearly expressed in the instrument,...

Section 7311 - Real estate - Real estate located in Pennsylvania, other than ground rents, shall...

Section 7312 - Ground rent - A ground rent secured upon unencumbered improved real estate located...

Section 7313 - Interest-bearing deposit - An interest-bearing deposit in any bank, bank and trust company,...

Section 7314 - Common trust fund and mortgage investment fund - Any corporate fiduciary and its co-fiduciary, if any, may invest...

Section 7314.1 - Mutual funds - Notwithstanding that a bank or trust company or an affiliate...

Section 7315 - Retention of investments - A fiduciary, if he exercises the same care and prudence...

Section 7315.1 - Retention of cash; temporary investments - (a) Uninvested cash.--A fiduciary may hold cash uninvested: (1) which...

Section 7316 - Life insurance, building and loan shares, and similar assets - A fiduciary receiving in kind a contract of life insurance,...

Section 7317 - Investments which become unauthorized - A fiduciary may retain without liability for resulting loss any...

Section 7318 - Court direction - A fiduciary appointed by the court and not acting under...

Section 7319 - Directions of testator or settlor - (a) General rule.--The testator or settlor in the instrument establishing...