The following terms or words or words of similar import in the provisions of a trust, unless otherwise limited or modified, shall authorize any investment or investment strategy permitted under this chapter: "investments permissible by law for investment of trust funds," "legal investments," "authorized investments," "using the judgment and care under the circumstances then prevailing that persons of prudence, discretion and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their own funds, considering the probable income as well as the probable safety of their capital," "prudent man rule," "prudent trustee rule," "prudent person rule" and "prudent investor rule." 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. Chapter Heading. The heading of Chapter 73 was amended June 25, 1999, P.L.212, No.28, effective in six months.
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