2010 Pennsylvania Code
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 72 - Prudent Investor Rule
7202 - Default rule.

     § 7202.  Default rule.
        (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 fiduciary's power of investment
     and the court having jurisdiction over the trust finds that
     adherence to the restriction is impractical or that the existing
     or reasonably foreseeable economic conditions are so far
     different from those prevailing at the creation of the trust
     that adherence to the restriction might deprive the respective
     beneficiaries of income and principal of the full benefits the
     testator or settlor intended them to enjoy, the court may
     release the fiduciary from the restriction to the extent and on
     conditions, if any, as the court may deem appropriate.
        (c)  Court direction.--A fiduciary appointed by the court and
     not acting under a trust instrument, in addition to or in place
     of the investments authorized by this chapter, may make, and
     retain without liability for resulting loss, investments as the
     court, upon petition of the fiduciary or of any party in
     interest, after notice as it shall direct, aided by the report
     of a master if necessary, shall authorize or direct, subject
     only to the conditions and limitations as shall be fixed by the
     court in the decree authorizing or directing the investment.