Statutes, codes, and regulations
District of Columbia Official Code
Division V - LOCAL BUSINESS AFFAIRSTitle 29 - BUSINESS ORGANIZATIONSChapter 12 - STATUTORY TRUSTS
Subchapter III - GOVERNING LAW; AUTHORIZATION; DURATION; POWERS
Section 29-1203.05 - No creditor rights in trust property

D.C. Code § 29-1203.05

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Current through codified legislation effective October 30, 2024
Section 29-1203.05 - No creditor rights in trust property

A creditor of a beneficial owner or trustee shall not obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of a statutory trust or any series thereof.

D.C. Code § 29-1203.05

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

Uniform Law: This section is based on § ,305 of the Uniform Statutory Trust Entity Act.