20 Pa. C.S. § 7780.7

Current through Pa Acts 2024-53, 2024-56 through 2024-92

Section 7780.7 - Distribution upon termination

Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed to distribute the trust property within a reasonable time to the persons entitled to it, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses and taxes.

20 Pa.C.S. § 7780.7

2006, July 7, P.L. 625, No. 98, §9, effective in 120 days [ 11/6/2006].