1. (a) This chapter applies to a trust, whenever created, that has its principal place of administration in the District, subject to the following rules:

   1. (1) If the trust was created before the effective date of this chapter, this chapter applies only to a decision or action occurring on or after the effective date of this chapter; and
   2. (2) If the principal place of administration of the trust is changed to the District on or after the effective date of this chapter, this chapter applies only to a decision or action occurring on or after the date of the change.

2. (b) Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, terms of the trust which designate the principal place of administration of the trust are valid and controlling if:

   1. (1) A trustee's principal place of business is located in or a trustee is a resident of the designated jurisdiction;
   2. (2) A trust director's principal place of business is located in or a trust director is a resident of the designated jurisdiction; or
   3. (3) All or part of the administration occurs in the designated jurisdiction.

History

Mar. 21, 2025, D.C. Law 25-298, § 2(c)