Duties of trustee in series trust

1. Law
2. District of Columbia Code
3. Business Organizations. [Enacted title]
4. Statutory Trusts
5. Series Trusts
6. Duties of trustee in series trust

If there is at least one trustee of a series trust that, in discharging its duties, is obligated to consider the interests of the trust and all series thereof, the governing instrument may provide that one or more other trustees, in discharging their duties, may consider only the interests of the trust or one or more series thereof.

(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)

Section References

This section is referenced in § 29-1201.03, § 29-1201.04, § 29-1204.01, and § 29-1205.05.

Editor's Notes

Uniform Law: This section is based on § 403 of the Uniform Statutory Trust Entity Act.

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