Section 712. Power to Act as a Fiduciary; Loss of Title Insurance Powers.--Any title insurance company which shall possess the further powers to act as trustee, guardian, executor, administrator, or in any other similar fiduciary capacity, and shall not have exercised, within one year preceding the effective date of this amendment, any of such further powers, and again shall exercise any of such further powers, shall make no further contracts or issue any policies of title insurance. Any such title insurance company possessing such further powers and which shall not hereafter exercise any of such further powers for any consecutive period of one year, upon exercising again any of such further powers shall make no further contracts or issue any policies of title insurance.
(712 added Aug. 14, 1963, P.L.922, No.439)