District of Columbia § 19-1310.12 Protection of person dealing with trustee.

District of Columbia Statutes

§ 19-1310.12 — Protection of person dealing with trustee.

District of Columbia § 19-1310.12

Title 19Descent, Distribution, and Trusts. [Enacted title]

Ch. 13Uniform Trust Code.

Subch. XLiability of Trustees and Rights of Persons Dealing with Trustee.

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Bluebook

D.C. Code § 19-1310.12 (2026).

Text

(a)A person other than a beneficiary who in good faith assists a trustee, or who in good faith and for value deals with a trustee, without knowledge that the trustee is exceeding or improperly exercising the trustee’s powers is protected from liability as if the trustee properly exercised the power.

(b)A person other than a beneficiary who in good faith deals with a trustee is not required to inquire into the extent of the trustee’s powers or the propriety of their exercise.

(c)A person who in good faith delivers assets to a trustee need not ensure their proper application.

(d)A person other than a beneficiary who in good faith assists a former trustee, or who in good faith and for value deals with a former trustee, without knowledge that the trusteeship has terminated is protected

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(a) A person other than a beneficiary who in good faith assists a trustee, or who in good faith and for value deals with a trustee, without knowledge that the trustee is exceeding or improperly exercising the trustee’s powers is protected from liability as if the trustee properly exercised the power.

(b) A person other than a beneficiary who in good faith deals with a trustee is not required to inquire into the extent of the trustee’s powers or the propriety of their exercise.

(c) A person who in good faith delivers assets to a trustee need not ensure their proper application.

(d) A person other than a beneficiary who in good faith assists a former trustee, or who in good faith and for value deals with a former trustee, without knowledge that the trusteeship has terminated is protected from liability as if the former trustee were still a trustee.

(e) Comparable protective provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section.