Pennsylvania Consolidated Statutes (Last Updated: January 27, 2015) |
Title20 DECEDENTS, ESTATES AND FIDUCIARIES |
CHAPTER72. PRUDENT INVESTOR RULE |
§7205. Retention of inception assets.
Latest version.
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A fiduciary, in the exercise of reasonable care, skill and caution, may retain any asset received in kind, even though the asset constitutes a disproportionally large share of the portfolio.
Notation
Cross References. Section 7205 is referred to in section 7204 of this title.