§ 7207. Retention of cash; temporary investments
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and Fiduciaries
20 Pa.C.S.A. § 7207
§ 7207. Retention of cash; temporary investments
A corporate fiduciary may deposit uninvested funds in its own or an affiliate's commercial department.
(b) Temporary investments.--A fiduciary may make temporary investment of funds which the fiduciary is entitled to hold uninvested or which the fiduciary wishes to hold in liquid form in short-term interest-bearing obligations or deposits, or other short-term liquid investments, selected in each case in compliance with the standards of section 7203 (relating to prudent investor rule) but without regard to any investment restrictions imposed by the governing instrument and may make a reasonable charge, in addition to all other compensation to which the fiduciary is entitled, for services rendered in making the temporary investment.
Credits
1999, June 25, P.L. 212, No. 28, § 2, effective in six months.
20 Pa.C.S.A. § 7207, PA ST 20 Pa.C.S.A. § 7207
Current through 2023 Regular Session Act 32. Some statute sections may be more current, see credits for details.
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