Trustee powers

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

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A trustee may exercise:

(1) Powers conferred by the governing instrument;

(2) Except as limited by the governing instrument, any other powers necessary or convenient to carry out the activities and affairs of the statutory trust; and

(3) Other powers conferred by this chapter.

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

Effect of Amendments

The 2013 amendment by D.C. Law 19-210 substituted “activities” for “business” in (2).

Editor's Notes

Uniform Law: This section is based on § 502 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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