§ 7314. Common trust fund and mortgage investment fund
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and Fiduciaries
20 Pa.C.S.A. § 7314
§ 7314. Common trust fund and mortgage investment fund
Any corporate fiduciary and its co-fiduciary, if any, may invest in:
(1) Common trust fund.--A common 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 and otherwise in conformity with the laws of the Commonwealth and of the United States; and
Credits
1972, June 30, P.L. 508, No. 164, § 2, eff. July 1, 1972. Amended 1984, Oct. 12, P.L.929, No. 182, § 11, imd. effective.
20 Pa.C.S.A. § 7314, PA ST 20 Pa.C.S.A. § 7314
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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