Home Table of Contents

§ 7780.4. Discretionary powers

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and FiduciariesEffective: November 6, 2006

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries (Refs & Annos)
Chapter 77. Trusts (Refs & Annos)
Subchapter H. Duties and Powers of Trustee
Effective: November 6, 2006
20 Pa.C.S.A. § 7780.4
§ 7780.4. Discretionary powers
The trustee shall exercise a discretionary power in good faith and in accordance with the provisions and purposes of the trust and the interests of the beneficiaries, notwithstanding the breadth of discretion granted to a trustee in the trust instrument, including the use of such terms as “absolute,” “sole” or “uncontrolled.”

Credits

2006, July 7, P.L. 625, No. 98, § 9, effective in 120 days [Nov. 6, 2006].
20 Pa.C.S.A. § 7780.4, PA ST 20 Pa.C.S.A. § 7780.4
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document