District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 29-1203.03: Permissible purposes.

Where this section sits in the code

Title 29. Business Organizations. [Enacted title]
Chapter 12. Statutory Trusts.
Subchapter III. Governing Law; Authorization; Duration; Powers.

(a)

Except as otherwise provided in subsection (b) of this section, a statutory trust may be formed for and may have any lawful purpose, regardless of whether for profit.

(b)

A statutory trust may not have a predominantly donative purpose.

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

Browse this collection