§ 26-403Title 26
Court accountings.
Unless ordered by a court of competent jurisdiction the bank or trust company operating such common trust funds is not required to render a court accounting with regard to such common trust funds; but it may, by application to the Superior Court of the District of Columbia, secure approval of such accounting on such conditions as the Court may establish.
Annotations
Oct. 27, 1949, 63 Stat. 938, ch. 767, § 3 July 29, 1970, 84 Stat. 572, Pub. L. 91-358, title I, § 155(c) (34) Uniform Law: This section is based upon § 2 of the Uniform Common Trust Fund Act. 1973 Ed., § 26-703. 1981 Ed., § 26-303.
Sourced from the DC Council Open Law Library (public domain).
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