District Of Columbia § 29-1206.16 - Liability for improper distributions.
Full text of District Of Columbia D.C. Code § 29-1206.16 — Liability for improper distributions., with citation guidance and answers to common questions.
§ 29-1206.16. Liability for improper distributions.
29-1206.16If a trustee of a statutory trust consents to a distribution made in violation of and in consenting to the distribution fails to comply with , the trustee is personally liable to the trust or the series thereof for the amount of the distribution which exceeds the amount that could have been distributed in accordance with .
A person that receives a distribution knowing that the distribution was made in violation of is personally liable to the statutory trust or series thereof, but only to the extent that the distribution received by the person exceeded the amount that could have been properly paid under .
A person against which an action is commenced because the person is liable under subsection (a) or (b) of this section may implead:
Any other person that is liable under subsection (a) of this section and seek to enforce a right of contribution from that person; and
Any person that received a distribution in violation of subsection (c) of this section and seek to enforce a right of contribution from that person in the amount the person received in violation of subsection (c) of this section.
An action under this section is barred if not commenced not later than 2 years after the distribution.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 29-1206.16
What does D.C. Code § 29-1206.16 cover?
Section 29-1206.16 ("Liability for improper distributions.") 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 § 29-1206.16?
A common citation format is "D.C. Code § 29-1206.16" (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 § 29-1206.16 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.