01. Management of statutory trust. The activities and affairs of a statutory trust shall be managed by or under the authority of its trustees. (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(l)(6)(A), 59 DCR 13171.) Effect of Amendments The 2013 amendment by D.C. Law 19-210 substituted 'activities' for 'business.' Editor's Notes Uniform Law: This section is based on § 501 of the Uniform Statutory Trust Entity Act. Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
District of Columbia Legal Code