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§ 14307. Trust for benefit of police pension fund

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 11 Pa.C.S.A. CitiesEffective: January 25, 2016

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 11 Pa.C.S.A. Cities
Part V. Third Class Cities (Refs & Annos)
Chapter 143. Pensions
Subchapter A. Police
Effective: January 25, 2016
11 Pa.C.S.A. § 14307
Formerly cited as PA ST 53 P.S. § 39307
§ 14307. Trust for benefit of police pension fund
By gift, grant, devise or bequest, a city may take money or real, personal or mixed property in trust for the benefit of the pension fund. The care, management, investment and disposal of the body of the trust shall be vested in the officer or officers of the city for the time the council designates. The care, management and disposal shall be directed by ordinance and the body of the trust shall be governed by the ordinance, subject to the directions that are not inconsistent with the ordinance, as the settlor of the trust may prescribe.

Credits

2015, Nov. 24, P.L. 242, No. 67, § 1, effective in 60 days [Jan. 25, 2016].
11 Pa.C.S.A. § 14307, PA ST 11 Pa.C.S.A. § 14307
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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