2010 Pennsylvania Code
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 72 - Prudent Investor Rule
7207 - Retention of cash; temporary investments.

     § 7207.  Retention of cash; temporary investments.
        (a)  Uninvested cash.--A fiduciary may hold cash uninvested:
            (1)  which the fiduciary reasonably expects to:
                (i)  distribute to beneficiaries as income on a
            quarterly or more frequent basis;
                (ii)  use for payment of debts, taxes, expenses of
            administration or reinvestment within the next 90 days;
            or
            (2)  when the amount available for investment does not
        justify the administrative burden of making the investment
        determined in the light of the facilities available to the
        fiduciary.
     A corporate fiduciary may deposit uninvested funds in its own or
     an affiliate's commercial department.
        (b)  Temporary investments.--A fiduciary may make temporary
     investment of funds which the fiduciary is entitled to hold
     uninvested or which the fiduciary wishes to hold in liquid form
     in short-term interest-bearing obligations or deposits, or other
     short-term liquid investments, selected in each case in
     compliance with the standards of section 7203 (relating to
     prudent investor rule) but without regard to any investment
     restrictions imposed by the governing instrument and may make a
     reasonable charge, in addition to all other compensation to
     which the fiduciary is entitled, for services rendered in making
     the temporary investment.

        Cross References.  Section 7207 is referred to in section
     3316 of this title.