PRINTER'S NO. 107
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
122
Session of
2015
INTRODUCED BY DELOZIER, CALTAGIRONE, GABLER, GRELL, A. HARRIS,
M. K. KELLER, LAWRENCE, MURT AND REGAN, JANUARY 21, 2015
REFERRED TO COMMITTEE ON JUDICIARY, JANUARY 21, 2015
AN ACT
Amending Title 20 (Decedents, Estates and Fiduciaries) of the
Pennsylvania Consolidated Statutes, in Pennsylvania Uniform
Transfers to Minors Act, further providing for court
authorization of a transfer.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 5306(c)(3) of Title 20 of the
Pennsylvania Consolidated Statutes is amended to read:
§ 5306. Other transfer by fiduciary.
* * *
(c) Additional requirements for transfer.--A transfer under
subsection (a) or (b) may be made only if:
* * *
(3) the transfer is authorized by the court if it
exceeds [$25,000] $50,000 in value.
Section 2. The amendment of 20 Pa.C.S. § 5306(c)(3) shall
apply to transfers initiated on or after the effective date of
this act.
Section 3. This act shall take effect in 60 days.
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