There is a newer version of the Pennsylvania Consolidated Statutes
2016 Pennsylvania Consolidated Statutes
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 73 - Municipalities Investments
Section 7316 - Life insurance, building and loan shares, and similar assets
20 PA Cons Stat § 7316 (2016) What's This?
§ 7316. Life insurance, building and loan shares, and similar assets. A fiduciary receiving in kind a contract of life insurance, stock in a building and loan association, or any similar asset providing for periodic payments, may retain it and continue to make the periodic payments and otherwise comply with the provisions thereof without liability for resulting loss so long as he, in the exercise of due care and prudence, shall consider advisable under the circumstances.
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