Pennsylvania Statutes
§ 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.
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Legislative History
Cross References.Section 7205 is referred to in section 7204 of this title.
Nearby Sections
15
§ 7201
Definitions§ 7202
Default rule§ 7203
Prudent investor rule§ 7204
Diversification§ 7206
Delegation§ 7208
Life insurance§ 7209
Mutual funds§ 7212
Degree of care