Further investment authority - 20 Pa. Cons. Stat. § 7211
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Pennsylvania Statutes
§ 7211. Further investment authority.
Unless a contrary intent is clearly expressed in the
instrument, the authority to invest in specified types of
investments includes authorization to invest in a mutual fund,
or in any common or collective trust fund established and
maintained by a corporate fiduciary, or by any affiliate of a
corporate fiduciary within the meaning of section 1504 of the
Internal Revenue Code of 1986 (Public Law 99-514, 26 U.S.C. §
1504) or any successor provision, if the portfolio of the mutual
fund or of the common or collective trust fund consists of the
specified types of investments and is otherwise in conformity
with the laws of this Commonwealth and of the United States.
Section: 7204 7205 7206 7207 7208 7209 7210 7211 7212 7213 7214 7301 7302 7303 7304
Last modified: November 27, 2007
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