{"data":{"id":"us-dc/d.c.-code-29-1203.04","jurisdiction":"us-dc","citation":"D.C. Code § 29-1203.04","heading":"Limitation on liability of trustees and beneficial owners.","body":"(a)\nA debt, obligation, or other liability of a statutory trust or series thereof shall be solely a debt, obligation, or other liability of the trust or series thereof. A beneficial owner, trustee, or person designated pursuant to § 29-1201.03(e)(8) or (9) is not personally liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the trust or series thereof solely by reason of being or acting as a trustee, beneficial owner, or person designated pursuant to § 29-1201.03(e)(8) or (9. This subsection applies regardless of the dissolution of the statutory trust.\n\n(b)\nExcept as otherwise provided in subchapter IV of this chapter, property of a statutory trust held in the name of the trust or by the trustee in the trustee’s capacity as trustee shall be subject to attachment and execution to satisfy a debt, obligation, or other liability of the trust.","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/29-1203.04","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"33298c0acd28939940c9d12032ada3fa90e5d9d7979526e6ad1bb122e64e2716","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-1203.03","next":"us-dc/d.c.-code-29-1203.05"},"notice":"GroundRules: Original legal text. Not legal advice."}