20 Pa. C.S. § 7205

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

Section 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.

20 Pa.C.S. § 7205

1999, June 25, P.L. 212, No. 28, § 2, effective in six months.