Pennsylvania Statutes Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries § 8155. Asset-backed securities

(a) General rule.--If a trust receives a payment from interest or other current return and from other proceeds of the collateral financial assets:

(b) Allocation where liquidating trust's interest in security.--

(c) Definition.--As used in this section, the term “asset-backed security” means an asset the value of which is based upon the right it gives the owner to receive distributions from the proceeds of financial assets which provide collateral for the security. The term includes an asset which gives the owner the right to receive from the collateral financial assets only the interest or other current return or only the proceeds other than interest or current return. The term does not include an asset to which section 8141 (relating to character of receipts) or 8149 (relating to retirement benefits, individual retirement accounts, deferred compensation, annuities and similar payments) applies.