District of Columbia § 19-2103 Application; principal place of administration.

District of Columbia Statutes

§ 19-2103 — Application; principal place of administration.

District of Columbia·Title 19 Descent, Distribution, and Trusts. [Enacted title]·Ch. 21 Uniform Directed Trust Code.

(a)This chapter applies to a trust, whenever created, that has its principal place of administration in the District, subject to the following rules:

(1)If the trust was created before the effective date of this chapter, this chapter applies only to a decision or action occurring on or after the effective date of this chapter; and

(2)If the principal place of administration of the trust is changed to the District on or after the effective date of this chapter, this chapter applies only to a decision or action occurring on or after the date of the change.

(b)Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, terms of the trust which designate the principal place of administration of the trust are valid and con

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(a) This chapter applies to a trust, whenever created, that has its principal place of administration in the District, subject to the following rules:

(1) If the trust was created before the effective date of this chapter, this chapter applies only to a decision or action occurring on or after the effective date of this chapter; and

(2) If the principal place of administration of the trust is changed to the District on or after the effective date of this chapter, this chapter applies only to a decision or action occurring on or after the date of the change.

(b) Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, terms of the trust which designate the principal place of administration of the trust are valid and controlling if:

(1) A trustee's principal place of business is located in or a trustee is a resident of the designated jurisdiction;

(2) A trust director's principal place of business is located in or a trust director is a resident of the designated jurisdiction; or

(3) All or part of the administration occurs in the designated jurisdiction.

District of Columbia § 19-2103 (Application; principal place of administration.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.