Pennsylvania Statutes Title 7 P.S. Banks and Banking § 407. Provisions applicable to trust companies

(a) Investments--may make any investment subject to the limitations in section 504  1 on investments authorized for savings banks, other than the limitation on investment in shares of stock, and may make any other investment specifically authorized by its articles;

(b) Borrowings--may borrow money

and in any larger amount or for any longer period authorized by the department and may issue notes, debentures and other obligation to evidence borrowings;

(c) Bonds and suretyship--may not act as surety or give any bond or guarantee, except as specifically provided by this act; and

(d) Limitation on dealings in own shares--may not acquire or hold for its own account any shares of its own stock, except as specifically provided by this act.