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

D.C. Code § 29-1205.05: Standards of conduct for trustees.

Where this section sits in the code

Title 29. Business Organizations. [Enacted title]
Chapter 12. Statutory Trusts.
Subchapter V. Trustees and Trust Management.

(a)

Subject to § 29-1204.03, in exercising the powers of trusteeship, a trustee shall act in good faith and in a manner the trustee reasonably believes to be in the best interests of the statutory trust.

(b)

A trustee shall discharge its duties with the care that a person in a similar position would reasonably believe appropriate under similar circumstances.

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

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