{"data":{"id":"us-dc/d.c.-code-29-1205.05","jurisdiction":"us-dc","citation":"D.C. Code § 29-1205.05","heading":"Standards of conduct for trustees.","body":"(a)\nSubject 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.\n\n(b)\nA trustee shall discharge its duties with the care that a person in a similar position would reasonably believe appropriate under similar circumstances.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 12. Statutory Trusts.","Subchapter V. Trustees and Trust Management."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-1205.05","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"ad64fba6f867ccee191353811d89e7fff8cf03ab1393e37f4202acf1f54e9aac","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-1205.04","next":"us-dc/d.c.-code-29-1205.06"},"notice":"GroundRules: Original legal text. Not legal advice."}