§ 7317. Investments which become unauthorized
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and Fiduciaries
20 Pa.C.S.A. § 7317
§ 7317. Investments which become unauthorized
A fiduciary may retain without liability for resulting loss any investment which was authorized when received or made although such investment no longer qualifies as an authorized investment, provided he exercises due care and prudence in the disposition or retention of any such nonlegal investment.
Credits
1972, June 30, P.L. 508, No. 164, § 2, eff. July 1, 1972.
20 Pa.C.S.A. § 7317, PA ST 20 Pa.C.S.A. § 7317
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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