Pennsylvania Consolidated Statutes

20 Pa. Cons. Stat. § 3316 (2026)

Investment of funds.

✓ current as of May 2026

Coverage note: this corpus holds the consolidated Pa.C.S. titles only. Unconsolidated P.S. statutes (UTPCPL 73 P.S. § 201-1, Liquor Code, wage payment laws) are not included; a miss here does not mean the statute does not exist. Check palegis.us.

Find cases: SyfertCases citing this section PA-LEGpalegis.us JustiaTitle on Justia CornellLII Search CasesGoogle Scholar

§ 3316. Investment of funds.

Subject to his duty to liquidate the estate for prompt distribution and to the provisions of the will, if any, the personal representative may invest the funds of the estate but shall have no duty to do so. Any such investment, except as the court or the will may otherwise authorize or direct, shall be restricted to:

(1) obligations of the United States or the United States Treasury, of the Commonwealth, or of any political subdivision of the Commonwealth;

(2) an interest-bearing deposit in any bank, bank and trust company, savings bank or national banking association located within this Commonwealth if:

(i) the maturity date or the permissible date of withdrawal does not exceed one year from the date of the deposit or any renewal thereof; and

(ii) the deposits do not exceed the amount which is fully insured by the Federal Deposit Insurance Corporation pursuant to the Federal Deposit Insurance Act (64 Stat. 873, 12 U.S.C. §§ 264 and 1811 et seq.);

(3) savings accounts of any savings association incorporated under the laws of this Commonwealth, or of any Federal savings and loan association incorporated under the laws of the United States, if the withdrawal or repurchase value thereof is insured by the Federal Deposit Insurance Corporation pursuant to the Federal Deposit Insurance Act; and

(4) a money market mutual fund affiliated with a corporate personal representative.

The personal representative may also make temporary investments as authorized by section 7207 (relating to retention of cash; temporary investments) without regard to any investment restrictions imposed by the will.

(Dec. 16, 1992, P.L.1163, No.152, eff. imd.; June 25, 1999, P.L.212, No.28, eff. 6 months)

1999 Amendment. See section 6(a) of Act 28 in the appendix to this title for special provisions relating to applicability.

1992 Amendment. See section 27(b) of Act 152 in the appendix to this title for special provisions relating to applicability.

Notes of Decisions

Cited in 3 cases, 1980–1996 · leading case: In Re Est. of Geniviva, 675 A.2d 306 (Pa. Super. Ct. 1996).

Sort: Relevance Newest Treatment

In Re Est. of Geniviva, 675 A.2d 306 (Pa. Super. Ct. 1996). · cites it 2× “” 20 Pa.C.S. § 3316. Normally, this duty to liquidate the estate should be executed within six months following the first advertisement of the grant of letters; however, this time period is not absolute and the executor must exercise common prudence, caution and skill in…”

In Re Est. of Pitone, 413 A.2d 1012 (Pa. 1980). “During these three years, the account in question could have been invested in an interest bearing savings account where the funds would have been available on demand and without a delay.”

Bireley Est., 32 Pa. D. & C.3d 248 (1980). “DISCUSSION Our analysis begins with the relevant provision of the Probate, Estates and Fiduciaries Code, Section 3316, Investment of Funds, which reads in pertinent part: “Subject to his duty to liquidate the estate for prompt distribution and to the provisions of the will, if…”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.