District of Columbia Statutes
§ 42-2704.04 — Trust indenture to secure bonds or notes; provisions protecting holders; expenses treated as operating expenses.
District of Columbia § 42-2704.04
JurisdictionDistrict of Columbia
Title 42Real Property.
Ch. 27Housing Finance Agency.
Subch. IVFinancial Affairs of the Agency.
This text of District of Columbia § 42-2704.04 (Trust indenture to secure bonds or notes; provisions protecting holders; expenses treated as operating expenses.) 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 § 42-2704.04 (2026).
Text
(a)The Agency may secure bonds, notes, or other obligations by a trust indenture between the Agency and a corporate trustee which has the authority to exercise corporate trust powers within the District.
(b)A trust indenture of the Agency may contain provisions for protecting and enforcing the rights and remedies of holders of bonds or notes in accordance with the provisions of the resolution authorizing the sale of bonds or notes.
(c)The Agency may treat expenses incurred in carrying out a trust indenture as operating expenses.
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Legislative History
Mar. 3, 1979, D.C. Law 2-135, § 404, 25 DCR 5008; Apr. 20, 1999, D.C. Law 12-247, § 2(q), 46 DCR 1100
Nearby Sections
15
§ 42-1001
“Power” defined.§ 42-1002
General power.§ 42-1003
Special power.§ 42-1004
Beneficial power.§ 42-1009
Right of grantor to reserve power.§ 42-1011
General powers in trust.§ 42-1012
Special powers in trust.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 42-2704.04, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/42-2704.04.