1Amending Title 20 (Decedents, Estates and Fiduciaries) of the
2Pennsylvania Consolidated Statutes, in Pennsylvania Uniform
3Transfers to Minors Act, further providing for court
4authorization of a transfer.

5The General Assembly of the Commonwealth of Pennsylvania
6hereby enacts as follows:

7Section 1. Section 5306(c)(3) of Title 20 of the
8Pennsylvania Consolidated Statutes is amended to read:

9§ 5306. Other transfer by fiduciary.

10* * *

11(c) Additional requirements for transfer.--A transfer under
12subsection (a) or (b) may be made only if:

13* * *

14(3) the transfer is authorized by the court if it
15exceeds [$25,000] $50,000 in value.

16Section 2. The amendment of 20 Pa.C.S. § 5306(c)(3) shall
17apply to transfers initiated on or after the effective date of
18this act.

19Section 3. This act shall take effect in 60 days.