A statutory trust is an entity separate from its trustees and beneficial owners.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(l)(4)(B), 59 DCR 13171.)
The 2013 amendment by D.C. Law 19-210 substituted “is” for “shall be.”
Uniform Law: This section is based on § 302 of the Uniform Statutory Trust Entity Act.
Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
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