If a trust has 2 or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries’ respective interests.
(Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208.)
Uniform Law: This section is based upon § 803 of the Uniform Trust Code.
Structure District of Columbia Code
Title 19 - Descent, Distribution, and Trusts. [Enacted title]
Chapter 13 - Uniform Trust Code
Subchapter VIII - Duties and Powers of Trustee
§ 19–1308.01. Duty to administer trust
§ 19–1308.04. Prudent administration
§ 19–1308.05. Costs of administration
§ 19–1308.06. Trustee’s skills
§ 19–1308.07. Delegation by trustee
§ 19–1308.08. Powers to direct
§ 19–1308.09. Control and protection of trust property
§ 19–1308.10. Recordkeeping and identification of trust property
§ 19–1308.11. Enforcement and defense of claims
§ 19–1308.12. Collecting trust property
§ 19–1308.13. Duty to inform and report
§ 19–1308.14. Discretionary powers; tax savings
§ 19–1308.15. General powers of trustee