™Your Policy Risk Impact Agent
45 chapters · 845 sections in this title.
20 Pa.C.S. § 7201 Definitions
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The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Fiduciary." Includes guardians and trustees, whether domiciliary or ancillary, individual or corporate, subject to the …
20 Pa.C.S. § 7202 Default rule
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(a) General rule.--Except as otherwise provided by the governing instrument, a fiduciary shall invest and manage property held in a trust in accordance with the provisions of this chapter. (b) Exception.--Where the instrument establishing a trust contains a restriction on the fid…
20 Pa.C.S. § 7203 Prudent investor rule
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(a) General rule.--A fiduciary shall invest and manage property held in a trust as a prudent investor would, by considering the purposes, terms and other circumstances of the trust and by pursuing an overall investment strategy reasonably suited to the trust. (b) Permissible inve…
20 Pa.C.S. § 7204 Diversification
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(a) Requirement.--Except as provided in section 7205 (relating to retention of inception assets), a fiduciary shall reasonably diversify investments, unless the fiduciary reasonably determines that it is in the interests of the beneficiaries not to diversify, taking into account …
