D.C. Code § 29-1205.11: Delegation by trustee.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 12. Statutory Trusts.
- Subchapter V. Trustees and Trust Management.
(a)
A trustee may delegate duties and powers. The trustee shall exercise the care a person in a similar position would reasonably believe appropriate under similar circumstances in:
(1)
Selecting an agent;
(2)
Establishing the scope and terms of the delegation; and
(3)
Periodically reviewing the agent’s actions to monitor the agent’s performance and compliance with the terms of the delegation.
(b)
Subject to subsection (a) of this section, a trustee may delegate duties and powers to a co-trustee.
(c)
In performing a delegated function, an agent of a trustee shall owe a duty to the statutory trust to exercise reasonable care to comply with the terms of the delegation.
(d)
A trustee that complies with subsection (a) of this section shall not be liable to a beneficial owner or to the statutory trust for an act or omission of the agent of the trustee to which a function was delegated.
(e)
An agent of a trustee submits to the jurisdiction of the courts of the District by accepting a delegation of powers or duties from a trustee with respect to a claim related to the agency.
Collected 2026-08-29T05:44:07Z. Source file · JSON