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§ 7205. Retention of inception assets

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. § 7205
§ 7205. Retention of inception assets
A fiduciary, in the exercise of reasonable care, skill and caution, may retain any asset received in kind, even though the asset constitutes a disproportionally large share of the portfolio.

Credits

1999, June 25, P.L. 212, No. 28, § 2, effective in six months.
20 Pa.C.S.A. § 7205, PA ST 20 Pa.C.S.A. § 7205
Current through 2023 Regular Session Act 32. Some statute sections may be more current, see credits for details.
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