Pennsylvania Statutes
§ 7317 — Investments which become unauthorized
A fiduciary may retain without liability for resulting loss any investment which was authorized when received or made although such investment no longer qualifies as an authorized investment, provided he exercises due care and prudence in the disposition or retention of any such nonlegal investment.
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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