§ 5607. Corporate agent.
101 words·~1 min read·
/pa/title-20/chapter-56/5607A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 5607. Corporate agent.
A bank and trust company or a trust company authorized to act as a fiduciary in this Commonwealth and acting as an agent pursuant to a power of attorney, or appointed by another who possesses such a power, shall have the powers, duties and liabilities set forth in section 3321 (relating to nominee registration; corporate fiduciary as agent; deposit of securities in a clearing corporation; book-entry securities).
20c5607v
(Oct. 12, 1999, P.L.422, No.39, eff. 60 days)
1999 Amendment. See section 13(8) of Act 39 in the appendix to this title for special provisions relating to applicability.
20c5608s