2010 Pennsylvania Code
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 41 - Foreign Fiduciaries
4102 - Powers with respect to securities and bank accounts.

     § 4102.  Powers with respect to securities and bank accounts.
        (a)  Securities.--When there is no administration in the
     Commonwealth, a foreign fiduciary, upon submission of a
     certificate of his appointment, shall have all of the powers of
     a similar local fiduciary with respect to stock, bonds and other
     securities of a Pennsylvania corporation or of a Federal
     corporation located in Pennsylvania, and shall not be required
     to comply with the conditions and limitations of section 4101
     (relating to in general).
        (b)  Bank accounts.--When there is no administration in this
     Commonwealth, a foreign fiduciary shall have all the powers of a
     similar local fiduciary with respect to money deposited or
     invested in a financial institution located in this Commonwealth
     and shall not be required to comply with the conditions and
     limitations of section 4101 if he has submitted to the financial
     institution a certificate of his appointment and an affidavit
     stating that after diligent search and inquiry the estate of
     which he is fiduciary is not, to his knowledge or so far as he
     has been able to discover, indebted to any person in this
     Commonwealth and that any taxes owing by such estate to the
     Commonwealth or any subdivision thereof have been paid or
     provided for.
        (c)  Definition.--As used in subsection (b) of this section
     "financial institution" means a bank, a bank and trust company,
     a trust company, a savings and loan association, a building and
     loan association, a credit union, a savings bank, a private bank
     and a national bank.
     (Feb. 18, 1982, P.L.45, No.26, eff. imd.)

        1982 Amendment.  Act 26 amended subsec. (b).
        Cross References.  Section 4102 is referred to in section
     4101 of this title.