{"data":{"id":"us-dc/d.c.-code-29-1204.02","jurisdiction":"us-dc","citation":"D.C. Code § 29-1204.02","heading":"Liability of series trust.","body":"(a)\nIn a series trust, a debt, obligation, or other liability incurred or otherwise existing [with] respect to the:\n(1)\nProperty of a particular series shall be enforceable against the property of the series only, and not against the property of the trust generally or any other series thereof; and\n(2)\nTrust generally or the property of any other series thereof shall not be enforceable against the property of the series.\n\n(b)\nThe association, disassociation, or reassociation of property of a statutory trust or a series thereof to or with the trust or a series thereof, including by a transaction under subchapter VII of this chapter or Chapter 2 of this title is deemed to be a transfer between separate persons under Chapter 31 of Title 28 and a distribution under § 29-1206.15.\n\n(c)\nThe rules pertaining to distributions under §§ 29-1206.15 and 29-1206.16 apply to a distribution from a series trust and from the property of any series thereof, except for a distribution under § 29-1204.04.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 12. Statutory Trusts.","Subchapter IV. Series Trusts."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-1204.02","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"c5560a462302621c3683c6cc6c4ed7fb57455e91b05e0ea3cbcf81989b284eac","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-1204.01","next":"us-dc/d.c.-code-29-1204.03"},"notice":"GroundRules: Original legal text. Not legal advice."}