District of Columbia Statutes
§ 29-1205.04 — Protection of person dealing with trustee.
District of Columbia § 29-1205.04
JurisdictionDistrict of Columbia
Title 29Business Organizations. [Enacted title]
Ch. 12Statutory Trusts.
Subch. VTrustees and Trust Management.
This text of District of Columbia § 29-1205.04 (Protection of person dealing with trustee.) 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 § 29-1205.04 (2026).
Text
(a)A person that in good faith assists a trustee, or in good faith and for value deals with a trustee, without knowledge that the trustee is exceeding or improperly exercising the trustee’s power, shall be protected from liability as if the trustee properly exercised the power.
(b)A person that in good faith deals with a trustee need not inquire into the extent of a trustee’s power or the propriety of the exercise of the power.
(c)A person that in good faith delivers property to a trustee need not ensure its proper use.
(d)A person that in good faith and without knowledge that the trusteeship has terminated assists a former trustee as if the former trustee were still a trustee, or in good faith and for value deals with a former trustee as if the former trustee were still a trustee s
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Legislative History
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720
Nearby Sections
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§ 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 § 29-1205.04, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/29-1205.04.