Delegation by trustee.

A trustee may delegate duties and powers. The trustee shall exercise the care a person in a similar position would reasonably believe appropriate under similar circumstances in: Selecting an agent; Establishing the scope and terms of the delegation; and Periodically reviewing the agent’s actions to monitor the agent’s performance and compliance with the terms of the delegation. Subject to subsection (a) of this section, a trustee may delegate duties and powers to a co-trustee. In performing a delegated function, an agent of a trustee shall owe a duty to the statutory trust to exercise reasonable care to comply with the terms of the delegation. A trustee that complies with subsection (a) of this section shall not be liable to a beneficial owner or to the statutory trust for an act or omission of the agent of the trustee to which a function was delegated. An agent of a trustee submits to the jurisdiction of the courts of the District by accepting a delegation of powers or duties from a trustee with respect to a claim related to the agency.