Pennsylvania Statutes Title 71 P.S. State Government § 733-715. Surrender or transfer of burdensome assets

The secretary may, with leave of court, surrender to the institution of which he is receiver any real estate which appears to be burdensome and of no advantage to the estate. He may likewise, with leave of court, convey title to any other holder of a mortgage or a lien against property in his possession, where it shall appear that to continue to hold such property is burdensome and of no advantage to the estate.

The secretary shall give notice to the depositors or other creditors of the institution of the filing of the petition for leave to transfer or convey such property pursuant to the provisions of this section. Such notice shall be given at the addresses which appear for such depositors or other creditors upon the books or other records of the institution, or if none appear there, then at their last known addresses. However, the court may, if it shall appear to be in the best interests of the estate, order the secretary to substitute a single advertisement in a newspaper or newspapers, for the individual notice to the depositors and other creditors. The court shall grant at least ten days for the filing of objections by the depositors or other creditors of the institution.