20 Pa. C.S. § 7317

Current through Pa Acts 2024-53, 2024-56 through 2024-92

Section 7317 - Investments which become unauthorized

A fiduciary may retain without liability for resulting loss any investment which was authorized when received or made although such investment no longer qualifies as an authorized investment, provided he exercises due care and prudence in the disposition or retention of any such nonlegal investment.

20 Pa.C.S. § 7317

1972, June 30, P.L. 508, No. 164, § 2, eff. 7/1/1972.