Management of statutory trust

  1. Law
  2. District of Columbia Code
  3. Business Organizations. [Enacted title]
  4. Statutory Trusts
  5. Trustees and Trust Management
  6. Management of statutory trust

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The activities and affairs of a statutory trust shall be managed by or under the authority of its trustees.

(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(l)(6)(A), 59 DCR 13171.)

Effect of Amendments

The 2013 amendment by D.C. Law 19-210 substituted “activities” for “business.”

Editor's Notes

Uniform Law: This section is based on § 501 of the Uniform Statutory Trust Entity Act.

Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.


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