Pennsylvania Statutes Title 71 P.S. State Government § 733-721. Sale or exchange of personal property, listed and unlisted securities

A. The secretary may, without leave of court, sell on any stock exchange or otherwise, at such times and in such manner as he shall deem to be in the best interests of the estate, listed or unlisted securities which belong to the institution of which he is in possession as receiver, or which such institution has the power to sell.

B. The secretary may, without leave of court, exchange listed or unlisted securities for other securities of the corporation issuing the securities, or of a corporation which has merged or consolidated with or has taken over such corporation.

C. The secretary may, without leave of court, sell any mortgage or other lien upon real property or any judgment, at such times and in such manner as he shall deem to be in the best interests of the estate.

D. Except as otherwise specifically provided by this act the secretary may, without leave of court, sell (1) at public sale, or (2) at private sale for a net consideration not below the amount at which such personal property has been valued in the appraisement required by this act, any personal property which belongs to the institution of which he is in possession as receiver, or which such institution has the power to sell. He may, with leave of court, sell such personal property at private sale upon such terms and under such conditions as the court shall prescribe.