D.C. Code § 19-1308.14

Current through codified emergency legislation effective July 18, 2024

Section 19-1308.14 - Discretionary powers; tax savings

(a) Notwithstanding the breadth of discretion granted to a trustee in the terms of the trust, including the use of such terms as "absolute", "sole", or "uncontrolled", the trustee shall exercise a discretionary power in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries.

(b) Section 21-1722 applies to a trust governed by this chapter.

Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208.

Uniform Law: This section is based upon § 814 of the Uniform Trust Code.