Pennsylvania § 7316 Life insurance, building and loan shares, and similar assets

Pennsylvania Statutes

§ 7316 — Life insurance, building and loan shares, and similar assets

Pennsylvania § 7316

Title 20DECEDENTS, ESTATES AND FIDUCIARIES

Ch. 73MUNICIPALITIES INVESTMENTS

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Bluebook

20 Pa. Cons. Stat. § 7316 (2026).

Text

A fiduciary receiving in kind a contract of life insurance, stock in a building and loan association, or any similar asset providing for periodic payments, may retain it and continue to make the periodic payments and otherwise comply with the provisions thereof without liability for resulting loss so long as he, in the exercise of due care and prudence, shall consider advisable under the circumstances.

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A fiduciary receiving in kind a contract of life insurance, stock in a building and loan association, or any similar asset providing for periodic payments, may retain it and continue to make the periodic payments and otherwise comply with the provisions thereof without liability for resulting loss so long as he, in the exercise of due care and prudence, shall consider advisable under the circumstances.