District of Columbia Statutes
§ 29-1203.03 — Permissible purposes.
District of Columbia § 29-1203.03
JurisdictionDistrict of Columbia
Title 29Business Organizations. [Enacted title]
Ch. 12Statutory Trusts.
Subch. IIIGoverning Law; Authorization; Duration; Powers.
This text of District of Columbia § 29-1203.03 (Permissible purposes.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
D.C. Code § 29-1203.03 (2026).
Text
(a)Except as otherwise provided in subsection (b) of this section, a statutory trust may be formed for and may have any lawful purpose, regardless of whether for profit.
(b)A statutory trust may not have a predominantly donative purpose.
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Legislative History
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(l)(4)(C), 59 DCR 13171
Nearby Sections
15
§ 29-1001.01
Short title.§ 29-1001.02
Definitions.§ 29-1001.03
Nature of limited cooperative association.§ 29-1001.05
Powers.§ 29-1001.06
Governing law.§ 29-1001.07
Requirements of other laws.§ 29-1001.09
Effect of organic rules.§ 29-1001.10
Required information.§ 29-1001.12
Dual capacity.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 29-1203.03, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/29-1203.03.