53 Pa. Stat. § 5652

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 5652 - Combining trust funds for investment purposes

Any such corporation or political subdivision, which as trustee or substituted or successor trustee, may receive devises, bequests or gifts, the principal of which is to be held in trust, in perpetuity or for a lesser period of time, for the care, maintenance, preservation, ornamentation or benefit of its cemetery or burial ground or the cemetery lots therein in which burial rights have been or may hereafter be granted, may combine and merge the principal of two or more such trust funds in an omnibus fund for purposes of investment of the same.

53 P.S. § 5652

1951, Aug. 10, P.L. 1199, § 2. Amended 1959, Oct. 26, P.L. 1381, § 1; 1961, Sept. 15, P.L. 1330, § 1.