1965 banking law commission
title 7 P.S. 605 Tentative trusts
(a) An institution may receive deposits in an account in the names of one or more individuals described as trustees:
(i) For an individual or for two individuals jointly or for two individuals successively, for the first if he survives all in the named depositors and for the second if he does not or
(ii) For a non profit organization....
... There is no limit to the number of depositors named as trustees but only two joint individual beneficiaries or one primary and one successive individual beneficiary may be named. A non-profit organization may also be names as a beneficiary.
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