Home Table of Contents

§ 7313. Interest-bearing deposit

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 73. Municipalities Investments (Refs & Annos)
20 Pa.C.S.A. § 7313
§ 7313. Interest-bearing deposit
Currentness
An interest-bearing deposit in any bank, bank and trust company, savings bank, or national banking association, located within the Commonwealth, shall be an authorized investment if:
(1) the maturity date or the permissible date of withdrawal does not exceed one year from the date of the deposit or any renewal thereof; and
(2) such deposits do not exceed the amount which is fully insured by the Federal Deposit Insurance Corporation, pursuant to the act of Congress of June 16, 1933 (48 Stat. 168),1 and its supplements and amendments, heretofore or hereafter enacted.

Credits

1972, June 30, P.L. 508, No. 164, § 2, eff. July 1, 1972.

Footnotes

1
12 U.S.C.A. § 1811 et seq.
20 Pa.C.S.A. § 7313, PA ST 20 Pa.C.S.A. § 7313
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document