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District of Columbia Code Division V. Local Business Affairs § 29-1202.01. Certificate of trust.

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) To form a statutory trust, a person shall deliver a certificate of trust to the Mayor for filing.

(b) A certificate of trust shall state:

(1) The name of the statutory trust, which must comply with §§ 29-103.01 and 29-103.02(i);

(2) The street and mailing address of the principal office of the trust;

(3) The name and street and mailing address of the registered agent of the trust; and

(4) If the trust may have one or more series, a statement to that effect.

(c) A certificate of trust may contain any term in addition to those required by subsection (b) of this section but may not vary or otherwise affect the provisions specified in § 29-1201.04 in a manner that is inconsistent with that section.

(d) A statutory trust is formed when the certificate of trust becomes effective.

(e) A filed certificate of trust, a filed statement of cancellation or change, or articles filed under subchapter VII of this chapter or Chapter 2 of this title prevail over inconsistent terms of a trust instrument.

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Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 29-1202.01. Certificate of trust. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-29-1202-01/

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