02. Trustee powers. A trustee may exercise: (1) Powers conferred by the governing instrument; (2) Except as limited by the governing instrument, any other powers necessary or convenient to carry out the activities and affairs of the statutory trust; and (3) Other powers conferred by this chapter. (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(l)(6)(B), 59 DCR 13171.) Effect of Amendments The 2013 amendment by D.C. Law 19-210 substituted 'activities' for 'business' in (2). Editor's Notes Uniform Law: This section is based on § 502 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