PocketLaw | Pennsylvania Consolidated Statutes | Municipalities

Municipalities Investments

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Definition of fiduciary

Authorized investments; in general

Government obligations

Obligations of Federal organizations

Obligations of Pennsylvania governmental organizations

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

Corporate bonds

Mortgages

Fractional interests

Stocks

Further investment authority

Real estate

Ground rent

Interest-bearing deposit

Common trust fund and mortgage investment fund

Mutual funds

Retention of investments

Retention of cash; temporary investments

Life insurance, building and loan shares, and similar assets

Investments which become unauthorized

Court direction

Directions of testator or settlor

Chapter Notes