Pa. Cons. Stat. » 20 Pa. Cons. Stat. (DECEDENTS) / Chapter 73
Pennsylvania Consolidated Statutes

20 Pa. Cons. Stat. § 7301 (2026)

 Definition of fiduciary.

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CHAPTER 73

MUNICIPALITIES INVESTMENTS

 

Sec.

7301.  Definition of fiduciary.

7302.  Authorized investments; in general.

7303.  Government obligations.

7304.  Obligations of Federal organizations.

7305.  Obligations of Pennsylvania governmental organizations.

7306.  Obligations of governmental organizations existing pursuant to the laws of Pennsylvania, other states and the District of Columbia.

7307.  Corporate bonds.

7308.  Mortgages.

7309.  Fractional interests.

7310.  Stocks.

7310.1. Further investment authority.

7311.  Real estate.

7312.  Ground rent.

7313.  Interest-bearing deposit.

7314.  Common trust fund and mortgage investment fund.

7314.1. Mutual funds.

7315.  Retention of investments.

7315.1. Retention of cash; temporary investments.

7316.  Life insurance, building and loan shares, and similar assets.

7317.  Investments which become unauthorized.

7318.  Court direction.

7319.  Directions of testator or settlor.

 

Enactment.  Chapter 73 was added June 30, 1972, P.L.508, No.164, effective July 1, 1972.

Chapter Heading.  The heading of Chapter 73 was amended June 25, 1999, P.L.212, No.28, effective in six months.

Cross References.  Chapter 73 is referred to in section 7201 of this title; section 1201 of Title 4 (Amusements); section 1316 of Title 8 (Boroughs and Incorporated Towns); section 11804.1 of Title 11 (Cities); section 14906 of Title 16 (Counties); section 7416 of Title 35 (Health and Safety); section 1512 of Title 64 (Public Authorities and Quasi-Public Corporations); section 4905 of Title 73 (Townships).

§ 7301.  Definition of fiduciary.

The term "fiduciary" as used in this chapter shall include an administrator of a municipal pension or retirement plan and any other person whose fiduciary duties are, by statute, governed by the principles of this chapter. The provisions of this chapter shall apply only to such fiduciaries.

(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.

Notes of Decisions
Cited in 2 cases, 1996–2008 · leading case: Danzilli v. Lomeo, 944 A.2d 813 (Pa. Commw. Ct. 2008).
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Danzilli v. Lomeo, 944 A.2d 813 (Pa. Commw. Ct. 2008). · cites it 4× “7 The determinative issue in this case is whether a trust created by a municipality to fund retiree medical benefits is a trust funding a “municipal pension or retirement plan” as used in 20 Pa.C.S. § 7301, 8 thereby allowing the administrator or fiduciary to place trust funds…”
In re Est. of Geniviva, 675 A.2d 306 (Pa. Super. Ct. 1996). “20 Pa.C.S. § 7301. Again, the executor has failed to explain how his actions were reasonable under these circumstances.”
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.