District Of Columbia § 29-1206.01 - Beneficial interest.
Full text of District Of Columbia D.C. Code § 29-1206.01 — Beneficial interest., with citation guidance and answers to common questions.
§ 29-1206.01. Beneficial interest.
29-1206.01A beneficial interest in a statutory trust is personal property.
A beneficial interest in a statutory trust shall not be an interest in specific property of the statutory trust.
A beneficial owner shall not have a preemptive right to subscribe to any additional issue of beneficial interests or any other interest of a statutory trust.
Annotations
Application of Law 19-210: Section 7 of provided that the act shall apply as of January 1, 2012.
Section 2(l)(7)(A) of substituted “Beneficial Owners” for “Beneficiaries and Beneficial Rights” in the subchapter heading.
Uniform Law: This section is based on § 601 of the Uniform Statutory Trust Entity Act.
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-1206.01
What does D.C. Code § 29-1206.01 cover?
Section 29-1206.01 ("Beneficial interest.") 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 § 29-1206.01?
A common citation format is "D.C. Code § 29-1206.01" (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 § 29-1206.01 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.