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2018 District of Columbia Code
Title 19 - Descent, Distribution, and Trusts. [Enacted title]
Chapter 13 - Uniform Trust Code.
Subchapter IX - Uniform Prudent Investor Act.
§ 19–1309.04. Duties at inception of trusteeship.
Universal Citation: DC Code § 19–1309.04 (2018)
Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this subchapter.
(Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208.)
Prior Codifications2001 Ed., § 28-4704.
1981 Ed., § 28-4704.
Editor's NotesUniform Law: This section is based upon § 4 of the Uniform Prudent Investor Act.
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