20 Pennsylvania Consolidated Statutes Chapter 75 - Limitations On Exercise Of Trustee Powers And Powers Of Beneficiaries To Appoint Trustees

• Chapter Notes
• Section 7501 - Legislative Intent
  This chapter is enacted to codify, clarify and confirm certain existing common law principles of fiduciary and trust law relating to conflicts of interest...
• Section 7502 - Definitions
  The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly...
• Section 7503 - Application Of Chapter
  (a) General rule.--This chapter shall apply to: (1) Any trust created under a governing instrument executed on or after March 21, 1999, unless the...
• Section 7504 - Certain Trustee Powers Not Exercisable
  (a) General rule.--The following powers conferred by a governing instrument upon a trustee in his or her capacity as a trustee shall not be...
• Section 7505 - Joint Powers And Appointment Of Nondisqualified Substituted Trustees
  If a governing instrument contains a power proscribed under section 7504 (relating to certain trustee powers not exercisable), the following shall apply: (1) If...
• Section 7506 - Certain Powers Of Beneficiaries Not Exercisable
  (a) General rule.--No beneficiary of a trust in an individual, trustee or other capacity may appoint himself or herself as trustee or remove a...

Last modified: October 8, 2016