§ 6303. Ownership during lifetime
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and Fiduciaries
20 Pa.C.S.A. § 6303
§ 6303. Ownership during lifetime
(b) Trust account.--Unless a contrary intent is manifested by the terms of the account or the deposit agreement or there is other clear and convincing evidence of an irrevocable trust, a trust account belongs beneficially to the trustee during his lifetime, and if two or more parties are named as trustees of the account during their lifetimes beneficial rights as between them are governed by subsection (a). If there is an irrevocable trust, the account belongs beneficially to the beneficiary.
Credits
1976, July 9, P.L. 547, No. 134, § 1, effective Sept. 1, 1976.
20 Pa.C.S.A. § 6303, PA ST 20 Pa.C.S.A. § 6303
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document |