§ 9.3. Institutions with fiduciary and other representative powers.
An institution with fiduciary and other representative powers under Chapter 4 of the Banking Code (7 P. S. § § 401—407) may accept IRA accounts. If an IRA account is accepted by a department of the institution other than its trust department, the instruments creating the account shall establish it as a savings or time deposit with the institution, the account may not be commingled, and the account may be pooled subject to the provisions of § 9.4 (relating to rules governing commingling and pooling of IRA accounts). If an IRA account is accepted by the trust department of an institution, the account may be commingled and pooled subject to the provisions of § 9.4.
Cross References This section cited in 10 Pa. Code § 9.4 (relating to rules governing commingling and pooling of IRA accounts).
No part of the information on this site may be reproduced for profit or sold for profit.
This material has been drawn directly from the official Pennsylvania Code full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.
