§ 7316. Life insurance, building and loan shares, and similar assets
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and Fiduciaries
20 Pa.C.S.A. § 7316
§ 7316. Life insurance, building and loan shares, and similar assets
A fiduciary receiving in kind a contract of life insurance, stock in a building and loan association, or any similar asset providing for periodic payments, may retain it and continue to make the periodic payments and otherwise comply with the provisions thereof without liability for resulting loss so long as he, in the exercise of due care and prudence, shall consider advisable under the circumstances.
Credits
1972, June 30, P.L. 508, No. 164, § 2, eff. July 1, 1972.
20 Pa.C.S.A. § 7316, PA ST 20 Pa.C.S.A. § 7316
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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