20 Pa. C.S. § 7780.4

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

Section 7780.4 - Discretionary powers

The trustee shall exercise a discretionary power in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries, notwithstanding the breadth of discretion granted to a trustee by the terms of the trust , including the use of such terms as "absolute," "sole" or "uncontrolled."

20 Pa.C.S. § 7780.4

Amended by P.L. (number not assigned at time of publication) 2024 No. 64,§ 6, eff. 10/14/2024.

2006, July 7, P.L. 625, No. 98, §9, effective in 120 days [ 11/6/2006].