District Of Columbia § 29-1201.04 - Mandatory rules.

Vary any requirement, procedure, or other provision of this title pertaining to:

Vary the governing law under ;

Negate the exclusion of a predominantly donative purpose under ;

Vary the provisions pertaining to series trusts in §§ , or (c), , and ;

Vary the standards of conduct for trustees under , but the governing instrument may prescribe the standards by which good faith, best interests of the statutory trust, and care that a person in a similar position would reasonably believe appropriate under similar circumstances are determined, if the standards are not manifestly unreasonable;

Vary the liability under of a trustee or other person; but the governing instrument may prescribe the standards for assessing whether the reliance was reasonable, if the standards are not manifestly unreasonable;

Restrict the right of a trustee to information under , but the governing instrument may prescribe the standards for assessing whether information is reasonably related to the trustee’s discharge of the trustee’s duties as trustee, if the standards are not manifestly unreasonable;

Vary the prohibition under of indemnification, advancement of expenses, or exoneration for conduct involving bad faith, willful misconduct, or reckless indifference;

Vary the obligation of a trustee under not to follow a direction that is manifestly contrary to the terms of the governing instrument or would constitute a serious breach of fiduciary duty by the trustee;

Vary the provisions pertaining to the transfer of a beneficial interest and the power of the Superior Court under through (d);

Restrict the right of a beneficial owner to information under , but the governing instrument may prescribe the standards for assessing whether information is reasonably related to the beneficial owner’s interest, if the standards are not manifestly unreasonable;

Restrict the right of a beneficial owner to bring an action under or 29-1206.10, but the governing instrument may subject the right to additional standards and restrictions, including a requirement that beneficial owners owning a specified amount or type of beneficial interest, including in a series trust an interest in the series, join in bringing the action, if the additional standards and restrictions are not manifestly unreasonable;

Vary the right of a beneficial owner under to approve a merger, interest exchange, conversion, or domestication;

Vary the provisions of Subchapter [subchapter] VIII of this chapter;

Vary the provisions relating to foreign statutory trusts in ;

Vary the miscellaneous provisions in ;

Vary the rules under , if a statutory trust appoints a special litigation committee;

Vary the provision pertaining to the duration of a statutory trust under ;

Vary the capacity of a statutory trust under to sue and be sued in its own name; or

Restrict the rights under this chapter of a person other than a trustee, person designated under and (9), or beneficial owner.