D.C. Code § 29-1205.02

Current through codified legislation effective October 30, 2024

Section 29-1205.02 - Trustee powers

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.

D.C. Code § 29-1205.02

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.

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.