District of Columbia § 29-1203.01 Governing law.

District of Columbia Statutes

§ 29-1203.01 — Governing law.

District of Columbia § 29-1203.01

Title 29Business Organizations. [Enacted title]

Ch. 12Statutory Trusts.

Subch. IIIGoverning Law; Authorization; Duration; Powers.

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Bluebook

D.C. Code § 29-1203.01 (2026).

Text

The law of the District shall govern the:

(1)Internal affairs of a statutory trust;

(2)Liability of a beneficial owner as beneficial owner , a trustee as trustee, and a person appointed, elected, or engaged under § 29-1201.03(e)(8) or (9) for a debt, obligation, or other liability of a statutory trust or a series thereof; and

(3)Enforceability of a debt, obligation, or other liability of the statutory trust or a series thereof against the property of the trust or any series thereof.

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The law of the District shall govern the:

(1) Internal affairs of a statutory trust;

(2) Liability of a beneficial owner as beneficial owner , a trustee as trustee, and a person appointed, elected, or engaged under § 29-1201.03(e)(8) or (9) for a debt, obligation, or other liability of a statutory trust or a series thereof; and

(3) Enforceability of a debt, obligation, or other liability of the statutory trust or a series thereof against the property of the trust or any series thereof.