Pennsylvania Statutes
§ 7312 — Ground rent
A ground rent secured upon unencumbered improved real estate located within the Commonwealth shall be an authorized investment if the reserved annual rent, capitalized at the rate of 5% per annum, shall not exceed four-fifth of the fair value of the real estate out of which it issues, determined by appraisal, as in the case of mortgages.
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Nearby Sections
15
§ 7301
Definition of fiduciary§ 7303
Government obligations§ 7307
Corporate bonds§ 7308
Mortgages§ 7309
Fractional interests§ 7310
Stocks§ 7310.1
Further investment authority§ 7311
Real estate§ 7312
Ground rent§ 7313
Interest-bearing deposit