Pennsylvania § 7207 Retention of cash; temporary investments

Pennsylvania Statutes

§ 7207 — Retention of cash; temporary investments

Pennsylvania § 7207

Title 20DECEDENTS, ESTATES AND FIDUCIARIES

Ch. 72PRUDENT INVESTOR RULE

This text of Pennsylvania § 7207 (Retention of cash; temporary investments) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

20 Pa. Cons. Stat. § 7207 (2026).

Text

(a)Uninvested cash.--A fiduciary may hold cash uninvested:

(1)which the fiduciary reasonably expects to:

(i)distribute to beneficiaries as income on a quarterly or more frequent basis;

(ii)use for payment of debts, taxes, expenses of administration or reinvestment within the next 90 days; or

(2)when the amount available for investment does not justify the administrative burden of making the investment determined in the light of the facilities available to the fiduciary. A corporate fiduciary may deposit uninvested funds in its own or an affiliate's commercial department.

(b)Temporary investments.--A fiduciary may make temporary investment of funds which the fiduciary is entitled to hold uninvested or which the fiduciary wishes to hold in liquid form in short-term interest-beari

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(a) Uninvested cash.--A fiduciary may hold cash uninvested:

(1) which the fiduciary reasonably expects to:

(i) distribute to beneficiaries as income on a quarterly or more frequent basis;

(ii) use for payment of debts, taxes, expenses of administration or reinvestment within the next 90 days; or

(2) when the amount available for investment does not justify the administrative burden of making the investment determined in the light of the facilities available to the fiduciary.

A corporate fiduciary may deposit uninvested funds in its own or an affiliate's commercial department.

(b) Temporary investments.--A fiduciary may make temporary investment of funds which the fiduciary is entitled to hold uninvested or which the fiduciary wishes to hold in liquid form in short-term interest-bearing obligations or deposits, or other short-term liquid investments, selected in each case in compliance with the standards of section 7203 (relating to prudent investor rule) but without regard to any investment restrictions imposed by the governing instrument and may make a reasonable charge, in addition to all other compensation to which the fiduciary is entitled, for services rendered in making the temporary investment.