§ 26-403. Court accountings.

Current through October 23, 2012

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.

                
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(Oct. 27, 1949, 63 Stat. 938, ch. 767, § 3; July 29, 1970, 84 Stat. 572, Pub. L. 91-358, title I, § 155(c) (34).)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 26-303.

1973 Ed., § 26-703.

Uniform Law

This section is based upon § 2 of the Uniform Common Trust Fund Act. See Volume 7, Part II Uniform Laws Annotated, Master Edition, or ULA Database on WESTLAW.