GroundRules
← Search the law
District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 1-742: Liability for breach of fiduciary duty.

Read at publisher ↗
Where this section sits in the code
  1. Title 1. Government Organization.
  2. Chapter 7. District of Columbia Employees Retirement Program Management.
  3. Subchapter V. Fiduciary Responsibility; Civil Sanctions.

(a)

Any person who is a fiduciary with respect to a Fund who breaches any of the responsibilities, obligations, or duties imposed upon fiduciaries by this chapter shall be personally liable to make good to such Fund any losses to the Fund resulting from each such breach and to restore to such Fund any profits of such fiduciary which have been made through the use of assets of the Fund by the fiduciary and shall be subject to such other equitable or remedial relief as the court may deem appropriate, including removal of such fiduciary.

(b)

No fiduciary shall be liable with respect to a breach of fiduciary duty under this chapter if such breach was committed before he became a fiduciary or after he ceased to be a fiduciary.

Collected 2026-08-29T05:44:07Z. Source file · JSON

Browse this collection