Pennsylvania § 7314 Common trust fund and mortgage investment fund

Pennsylvania Statutes

§ 7314 — Common trust fund and mortgage investment fund

Pennsylvania § 7314

Title 20DECEDENTS, ESTATES AND FIDUCIARIES

Ch. 73MUNICIPALITIES INVESTMENTS

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Bluebook

20 Pa. Cons. Stat. § 7314 (2026).

Text

Any corporate fiduciary and its co-fiduciary, if any, may invest in:

(1)Common trust fund.--A common trust fund containing only investments authorized for fiduciaries, established and maintained by the corporate fiduciary or by any affiliate of the corporate fiduciary within the meaning of section 1504 of the Internal Revenue Code and otherwise in conformity with the laws of the Commonwealth and of the United States; and

(2)Mortgage investment fund.--A mortgage investment fund containing only mortgages and other investments authorized for fiduciaries, established and maintained by the corporate fiduciary in conformity with the laws of the Commonwealth and of the United States.

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Any corporate fiduciary and its co-fiduciary, if any, may invest in:

(1) Common trust fund.--A common trust fund containing only investments authorized for fiduciaries, established and maintained by the corporate fiduciary or by any affiliate of the corporate fiduciary within the meaning of section 1504 of the Internal Revenue Code and otherwise in conformity with the laws of the Commonwealth and of the United States; and

(2) Mortgage investment fund.--A mortgage investment fund containing only mortgages and other investments authorized for fiduciaries, established and maintained by the corporate fiduciary in conformity with the laws of the Commonwealth and of the United States.