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Power given in governing instrument - 20 Pa. Cons. Stat. § 3354

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     § 3354.  Power given in governing instrument.
        A testamentary power given in the governing instrument to
     sell, unless expressly restricted, shall include the power to
     sell at public or private sale or to pledge or mortgage for any
     purpose of administration or distribution, but shall not include
     the right to grant an option without court order. A private sale
     may be made, with court approval, under the provisions of this
     title, although the governing instrument has directed a public
     sale. A power in the governing instrument to sell, pledge,
     mortgage, lease, or exchange, or to grant an option for a
     purchase, lease, or exchange of property not given to any person
     by name or description shall be deemed to have been given to the
     personal representative and may be exercised without court
     approval. When the personal representative has been required to
     give bond, no proceeds of real estate shall be paid to him until
     the court has made an order excusing him from entering
     additional security or requiring additional security, and in the
     latter event, only after he has entered the additional security.

        Cross References.  Section 3354 is referred to in section
     7792 of this ttitle.

Last modified: November 27, 2007