D.C. Code § 26-403

Current through codified emergency legislation effective July 18, 2024

Section 26-403 - Court accountings

Unless ordered by a court of competent jurisdiction the bank or trust company operating such common trust funds is not required to render a court accounting with regard to such common trust funds; but it may, by application to the Superior Court of the District of Columbia, secure approval of such accounting on such conditions as the Court may establish.

D.C. Code § 26-403

Oct. 27, 1949, 63 Stat. 938, ch. 767, § 3; July 29, 1970, 84 Stat. 572, Pub. L. 91-358, title I, § 155(c) (34).

Uniform Law: This section is based upon § 2 of the Uniform Common Trust Fund Act.