District Of Columbia § 19-1307.03 - Cotrustees.
Full text of District Of Columbia D.C. Code § 19-1307.03 — Cotrustees., with citation guidance and answers to common questions.
§ 19-1307.03. Cotrustees.
19-1307.03Cotrustees who are unable to reach a unanimous decision may act by majority decision.
If a vacancy occurs in a cotrusteeship, the remaining cotrustees may act for the trust.
A cotrustee must participate in the performance of a trustee’s function unless the cotrustee is unavailable to perform the function because of absence, illness, disqualification under other law, or other temporary incapacity or the cotrustee has properly delegated the performance of the function to another trustee.
If a cotrustee is unavailable to perform duties because of absence, illness, disqualification under other law, or other temporary incapacity, and prompt action is necessary to achieve the purposes of the trust or to avoid injury to the trust property, the remaining cotrustee or a majority of the remaining cotrustees may act for the trust.
A trustee may delegate to a cotrustee the performance of a function relating to management, investment, or trust administration, but may not delegate a decision to make a distribution. Unless a delegation was irrevocable, a trustee may revoke a delegation previously made.
Except as otherwise provided in subsection (g) of this section, a trustee who does not join in an action of another trustee is not liable for the action.
Each trustee shall exercise reasonable care to:
Prevent a cotrustee from committing a serious breach of trust; and
Compel a cotrustee to redress a serious breach of trust.
A dissenting trustee who joins in an action at the direction of the majority of the trustees and who notified any cotrustee of the dissent at or before the time of the action is not liable for the action unless the action is a serious breach of trust.
Annotations
Frequently Asked Questions About District Of Columbia § 19-1307.03
What does D.C. Code § 19-1307.03 cover?
Section 19-1307.03 ("Cotrustees.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 19-1307.03?
A common citation format is "D.C. Code § 19-1307.03" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 19-1307.03 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.