Pennsylvania Act 1967-132 — VALIDATING DEEDS BY TRUSTEES

Act text

VALIDATING DEEDS BY TRUSTEES
                  Act of Sep. 1, 1967, P.L. 304, No. 132              Cl. 68
                                  AN ACT

     Validating certain deeds and conveyances made by trustees
        without setting forth the authority to convey.

        The General Assembly of the Commonwealth of Pennsylvania
     hereby enacts as follows:

        Section 1.  Whenever heretofore real property has been
     conveyed to any person as trustee, without naming the
     beneficiary or beneficiaries and without declaring the purpose
     of the trust, and such trustee has thereafter in good faith made
     a conveyance of such property to a third person in his own name
     as trustee, without disclosing the beneficiary or beneficiaries
     or without showing his right to make such conveyance, when the
     deed given by such trustee is otherwise in proper form and
     capable of conveying the estate intended, such deed and
     conveyance are hereby made good and valid and effectual to
     transfer, pass and convey the estate, right, title and interest
     of the beneficiary or beneficiaries for whom the trustee held
     in, and to such real property.
        Section 2.  This act shall take effect immediately.