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§ 7210. Common trust fund and mortgage investment fund

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and Fiduciaries

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries (Refs & Annos)
Chapter 72. Prudent Investor Rule (Refs & Annos)
20 Pa.C.S.A. § 7210
§ 7210. Common trust fund and mortgage investment fund
Currentness
Any corporate fiduciary and its cofiduciary, if any, may invest in:
(1) A common trust fund or collective trust fund containing only investments authorized for fiduciaries, established and maintained by the corporate fiduciary or by any affiliate of the corporate fiduciary within the meaning of section 1504 of the Internal Revenue Code of 1986 (Public Law 99-514, 26 U.S.C. § 1504) and otherwise in conformity with the laws of this Commonwealth and of the United States.
(2) A mortgage investment fund containing only mortgages and other investments authorized for fiduciaries, established and maintained by the corporate fiduciary in conformity with the laws of this Commonwealth and of the United States.

Credits

1999, June 25, P.L. 212, No. 28, § 2, effective in six months.
20 Pa.C.S.A. § 7210, PA ST 20 Pa.C.S.A. § 7210
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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