A trust may be created only to the extent its purposes are lawful, not contrary to public policy, and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries.
CREDIT(S)
(Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208.)
HISTORICAL AND STATUTORY NOTES
Legislative History of Laws
For Law 15-104, see notes following § 19-1301.01.
Uniform Law
This section is based upon § 404 of the Uniform Trust Code. See 7C, Uniform Laws Annotated, Master Edition, or ULA Database on Westlaw.