7 Pa. Stat. § 401

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 401 - Application of chapter

This chapter shall apply to, and the word "institution" in this chapter shall mean, a bank and trust company, an interstate bank which has fiduciary powers under its law of incorporation, a trust company and a savings bank that has fiduciary powers, except that section 407 shall apply only to a trust company. The powers conferred by this chapter on a bank and trust company or savings bank that has fiduciary powers shall be independent of, and shall not expand, the banking powers of such an institution.

7 P.S. § 401

Amended by P.L. 1336 2012 No. 170, § 20, eff. 12/23/2012.
1965, Nov. 30, P.L. 847, No. 356, § 401. Amended 1981, April 16, P.L. 9, No. 4, § 1, imd. effective; 1995, July 6, P.L. 271, No. 39, § 7, imd. effective.