Philadelphia Cnty. C.P. CP-Orphans' Division Rule 5.16D

(1) In General. Financial institutions having fiduciary powers and authorized to do

business in this Commonwealth, upon petition and pursuant to approval by the

Court, may act as fiduciaries in matters pending in the Court, provided that a

copy (either the original or photocopy) of the certificate evidencing the approval

to conduct fiduciary activities issued by the appropriate state or federal banking

regulator is attached to the petition. The institution shall certify in the petition that

the certificate has been issued by the appropriate regulator and is valid as of the

date of the petition.

(2) Period of Approval. The approval granted by the Court under paragraph (1) of

this Rule shall be for a period of one year running from January 1 to December

31. In order for approval to be granted or renewed in a timely fashion, an

institution must file this petition on or before December 15 in the year preceding

the year in which the institution wishes to act as a corporate fiduciary. The

approval granted by the Court is subject to compliance by the institution with

these Rules and with such other rules and regulations governing approval or

renewal as the Court will, from time to time, promulgate.

(3) Security. Except when required by statute or for special cause shown, a bond

will not be required of an approved corporate fiduciary.