§ 7780.4. Discretionary powers.
89 words·~1 min read·
/pa/title-20/chapter-77/7780-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 7780.4. Discretionary powers.
The trustee shall exercise a discretionary power in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries, notwithstanding the breadth of discretion granted to a trustee by the terms of the trust, including the use of such terms as "absolute," "sole" or "uncontrolled."
20c7780.4v
(July 15, 2024, P.L.786, No.64, eff. 90 days)
2024 Amendment. See section 11 of Act 64 in the appendix to this title for special provisions relating to Uniform Trust Code.
20c7780.5s