Pennsylvania § 7780.7 - Distribution upon termination.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 7780.7 — Distribution upon termination., with citation guidance and answers to common questions.
§ 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.
SUBCHAPTER H.1
DIRECTED TRUSTS
Sec.
7780.11. Short title of subchapter.
7780.12. Definitions - UDTA 2.
7780.13. Application - UDTA 3.
7780.14. Exclusions - UDTA 5.
7780.15. Powers of trust director and shared powers - UDTA 6.
7780.16. Trust director for investments.
7780.17. Trust protector.
7780.18. Limitations on powers of trust director - UDTA 7.
7780.19. Duty and liability of trust director - UDTA 8.
7780.20. Duty and liability of directed trustee - UDTA 9.
7780.21. Duty to provide information to trust director or directed trustee - UDTA 10.
7780.22. No duty to monitor, inform or advise - UDTA 11.
7780.23. Application to cotrustee - UDTA 12.
7780.24. Limitation of action against trust director - UDTA 13.
7780.25. Defenses in action against trust director - UDTA 14.
7780.26. Jurisdiction over trust director - UDTA 15.
7780.27. Office of trust director - UDTA 16.
Enactment. Subchapter H.1 was added July 15, 2024, P.L.786, No.64, effective in 90 days.
Special Provisions in Appendix. See section 11 of Act 64 of 2024 in the appendix to this title for special provisions relating to Uniform Trust Code.
Cross References. Subchapter H.1 is referred to in section 7778 of this title.
Frequently Asked Questions About Pennsylvania § 7780.7
What does Pennsylvania Consolidated Statutes § 7780.7 cover?
Section 7780.7 ("Distribution upon termination.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 7780.7?
A common citation format is "Pennsylvania Consolidated Statutes § 7780.7" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 7780.7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.