District of Columbia Statutes
§ 29-1205.05 — Standards of conduct for trustees.
District of Columbia § 29-1205.05
JurisdictionDistrict of Columbia
Title 29Business Organizations. [Enacted title]
Ch. 12Statutory Trusts.
Subch. VTrustees and Trust Management.
This text of District of Columbia § 29-1205.05 (Standards of conduct for trustees.) 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 § 29-1205.05 (2026).
Text
(a)Subject to § 29-1204.03 , in exercising the powers of trusteeship, a trustee shall act in good faith and in a manner the trustee reasonably believes to be in the best interests of the statutory trust.
(b)A trustee shall discharge its duties with the care that a person in a similar position would reasonably believe appropriate under similar circumstances.
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Legislative History
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720
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 § 29-1205.05, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/29-1205.05.