20 Pennsylvania Consolidated Statutes § 7317 - Investments Which Become Unauthorized

§ 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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Last modified: October 8, 2016