{"data":{"id":"us-dc/d.c.-code-29-1203.03","jurisdiction":"us-dc","citation":"D.C. Code § 29-1203.03","heading":"Permissible purposes.","body":"(a)\nExcept 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.\n\n(b)\nA statutory trust may not have a predominantly donative purpose.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 12. Statutory Trusts.","Subchapter III. Governing Law; Authorization; Duration; Powers."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-1203.03","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"26bc6bc2c3957ff98bb610cfd65228902dc3d928e0cc8fb433cd6b55709b0044","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-1203.02","next":"us-dc/d.c.-code-29-1203.04"},"notice":"GroundRules: Original legal text. Not legal advice."}