reglab/housing_qa huggingface dataset:
DC Code § 29-1206.16 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 12 - Statutory Trusts|Subchapter VI - Beneficial Owners|§ 29-1206.16. Liability for improper distributions

(a) If a trustee of a statutory trust consents to a distribution made in violation of § 29-1206.15 and in consenting to the distribution fails to comply with § 29-1205.05, the trustee is personally liable to the trust or the series thereof for the amount of the distribution which exceeds the amount that could have been distributed in accordance with § 29-1206.15. (b) A person that receives a distribution knowing that the distribution was made in violation of § 29-1206.15 is personally liable to the statutory trust or series thereof, but only to the extent that the distribution received by the person exceeded the amount that could have been properly paid under § 29-1206.15. (c) A person against which an action is commenced because the person is liable under subsection (a) or (b) of this section may implead: (1) Any other person that is liable under subsection (a) of this section and seek to enforce a right of contribution from that person; and (2) Any person that received a distribution in violation of subsection (c) of this section and seek to enforce a right of contribution from that person in the amount the person received in violation of subsection (c) of this section. (d) An action under this section is barred if not commenced not later than 2 years after the distribution.  (Mar. 5, 2013, D.C. Law 19-210, § 2(l)(7)(H), 59 DCR 13171.)  Section References This section is referenced in § 29-1204.02. Editor's Notes Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
DC Code § 29-1207.01 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 12 - Statutory Trusts|Subchapter VII - Merger|§ 29-1207.01. Definitions

For the purposes of this subchapter, the term: (1) “Constituent statutory trust” means a statutory trust that is party to a merger. (2) “Governing law” means the law that governs the organization’s internal affairs. (3)(A) “Organization” means: (i) A common-law trust that does not have a predominantly donative purpose; (ii) General partnership, including a limited liability partnership; (iii) Limited partnership, including a limited liability limited partnership; (iv) Limited liability company; (v) Corporation; or (vi) Foreign statutory trust. (B) The term “organization” shall include a domestic or foreign organization whether or not organized for profit. (4) “Organizational documents” means the records that create an organization and determine its internal governance and the relations among the persons that own it, have an interest in it, or are members of it. (5) “Surviving organization” means an organization into which one or more other organizations are merged, whether the surviving organization preexisted the merger or was created by the merger.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Editor's Notes Uniform Law: This section is based on § 701 of the Uniform Statutory Trust Entity Act.
DC Code § 29-1207.02 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 12 - Statutory Trusts|Subchapter VII - Merger|§ 29-1207.02. Merger

(a) A statutory trust may merge with one or more other constituent organizations pursuant to this section, §§ 29-1207.03 through 29-1207.05, and a plan of merger if: (1) The merger is not prohibited by the governing law of any constituent organization; and (2) Each of the other organizations complies with its governing law in effecting the merger. (b) A plan of merger shall be in a record and shall include: (1) The name and form of each constituent organization; (2) The name and form of the surviving organization and, if the surviving organization is to be created by the merger, a statement to that effect; (3) The terms and conditions of the merger, including the manner and basis for converting or exchanging the interests in each constituent organization into any combination of money, interests in the surviving organization, and other consideration; (4) If the surviving organization is to be created by the merger, the surviving organization’s organizational documents; and (5) If the surviving organization is not to be created by the merger, any amendments to be made by the merger to the surviving organization’s organizational documents.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Editor's Notes Uniform Law: This section is based on § 702 of the Uniform Statutory Trust Entity Act.
DC Code § 29-1207.03 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 12 - Statutory Trusts|Subchapter VII - Merger|§ 29-1207.03. Action on plan of merger by constituent statutory trust

(a) A plan of merger shall be consented to by all trustees and all beneficial owners of a constituent statutory trust. (b) After a merger is approved, and at any time before a filing is made under § 29-1207.04, a constituent statutory trust may amend the plan or abandon the planned merger: (1) As provided in the plan; and (2) Except as prohibited by the plan, with the same consent as was required to approve the plan.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Section References This section is referenced in § 29-1207.02. Editor's Notes Uniform Law: This section is based on § 703 of the Uniform Statutory Trust Entity Act.
DC Code § 29-1207.04 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 12 - Statutory Trusts|Subchapter VII - Merger|§ 29-1207.04. Filings required for merger; effective date

(a) After each constituent organization has approved a merger, articles of merger shall be signed on behalf of each: (1) Constituent statutory trust, by one or more trustees or other authorized representative; and (2) Other constituent organization, by an authorized representative. (b) Articles of merger under this section shall include: (1) The name and form of each constituent organization and the jurisdiction of its governing law; (2) The name and form of the surviving organization, the jurisdiction of its governing law, and, if the surviving organization is created by the merger, a statement to that effect; (3) If the surviving organization is to be created by the merger: (A) If it will be a statutory trust, the trust’s certificate of trust; or (B) If it will be an organization other than a statutory trust, the organizational document that creates the organization; (4) If the surviving organization preexisted the merger, any amendments provided for in the plan of merger for the organizational document that created the organization; (5) A statement as to each constituent organization that the merger was approved as required by the organization’s governing law; (6) If the surviving organization is a foreign organization not authorized to do business in the District, the street and mailing address of an office that the Mayor may use for the purposes of § 29-1207.05(b); and (7) Any additional information required by the governing law of any constituent organization. (c) The articles of merger shall be delivered to the office of the Mayor for filing. (d) A merger shall be effective under this chapter: (1) If the surviving organization is a statutory trust, upon the later of: (A) Filing of the articles of merger by the Mayor; or (B) Subject to § 29-102.03, as specified in the articles of merger; or (2) If the surviving organization is not a statutory trust, as provided by the governing law of the surviving organization[.]  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Section References This section is referenced in § 29-1207.03. Editor's Notes Uniform Law: This section is based on § 704 of the Uniform Statutory Trust Entity Act.
DC Code § 29-1207.05 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 12 - Statutory Trusts|Subchapter VII - Merger|§ 29-1207.05. Effect of merger

(a) When a merger becomes effective: (1) The surviving organization shall continue or comes into existence; (2) Each constituent organization that merges with the surviving organization shall cease to exist as a separate organization; (3) All property owned by each constituent organization that ceases to exist shall vest in the surviving organization; (4) All debts, obligations, and other liabilities of each constituent organization that ceases to exist, including those existing with respect to the property of a series thereof, shall continue as debts, obligations, or other liabilities of the surviving organization limited to the property thereof as provided for by the plan of merger and the governing law of the surviving organization; (5) An action or proceeding pending by or against any constituent organization that ceases to exist shall continue as if the merger had not occurred; (6) Except as prohibited by law other than this chapter, all rights, privileges, immunities, powers, and purposes of each constituent organization that ceases to exist shall vest in the surviving organization; (7) Except as otherwise provided in the plan of merger, the terms and conditions of the plan of merger shall take effect; (8) If the surviving organization is created by the merger and: (A) If it is a statutory trust, the certificate of trust becomes effective; or (B) If it is an organization other than a statutory trust, the organizational document that creates the organization shall become effective; and (9) If the surviving organization preexisted the merger, any amendment provided for in the articles of merger for the organizational document that created the organization shall become effective. (b) A surviving organization that is a foreign organization consents to the jurisdiction of the courts of the District to enforce any debt, obligation, or other liability owed by a constituent organization if, before the merger, the constituent organization was subject to suit in the District on the obligation. A surviving organization that is a foreign organization not authorized to do business in the District may be served in accordance with § 29-104.12.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Section References This section is referenced in § 29-1207.04. Editor's Notes Uniform Law: This section is based on § 705 of the Uniform Statutory Trust Entity Act.
DC Code § 29-1207.06 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 12 - Statutory Trusts|Subchapter VII - Merger|§ 29-1207.06. Chapter not exclusive

This chapter shall not preclude an organization from being merged under law other than this chapter.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Editor's Notes Uniform Law: This section is based on § 706 of the Uniform Statutory Trust Entity Act.
DC Code § 29-1208.01 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 12 - Statutory Trusts|Subchapter VIII - Dissolution and Winding Up|§ 29-1208.01. Events causing dissolution

A statutory trust shall be dissolved only by: (1) An administrative dissolution under §§ 29-106.01 and 29-106.02; or (2) The filing of articles of dissolution under § 29-1208.02: (A) As provided in the certificate of trust; or (B) With the approval of all the beneficial owners.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(l)(8)(A), 59 DCR 13171.)  Section References This section is referenced in § 29-1208.02. Effect of Amendments The 2013 amendment by D.C. Law 19-210 substituted “’As provided in the certificate of trust” for “On the occurrence of an event or circumstance that the governing instrument states causes dissolution” in (2)(A). Editor's Notes Uniform Law: This section is based on § 801 of the Uniform Statutory Trust Entity Act. Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
DC Code § 29-1208.02 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 12 - Statutory Trusts|Subchapter VIII - Dissolution and Winding Up|§ 29-1208.02. Articles of dissolution

(a) If dissolution of a statutory trust is authorized under § 29-1208.01, the trust shall deliver to the Mayor for filing articles of dissolution setting forth the: (1) Name of the trust; and (2) Date of the dissolution. (b) Except as otherwise provided in § 29-102.03, a statutory trust is dissolved when articles of dissolution that comply with subsection (a) of this section, are filed by the Mayor.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)  Section References This section is referenced in § 29-1208.01. Editor's Notes Uniform Law: This section is based on § 802 of the Uniform Statutory Trust Entity Act.
DC Code § 29-1208.03 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 12 - Statutory Trusts|Subchapter VIII - Dissolution and Winding Up|§ 29-1208.03. Winding up

(a) A dissolved statutory trust shall wind up its activities and the trust and each series thereof shall continue after dissolution only for the purpose of its winding up. (b) In winding up its activities, a statutory trust shall: (1) Discharge the trust’s debts, obligations, and other liabilities, settle and close the trust’s activities, and marshal and distribute the property of the trust; and (2) Distribute any surplus property after complying with paragraph (1) of this subsection to the beneficial owners in proportion to their beneficial interests. (c) In winding up its activities, a statutory trust may: (1) Preserve the trust’s activities and property as a going concern for a reasonable time; (2) Institute, maintain, and defend actions and proceedings, whether civil, criminal, or administrative; (3) Transfer the trust’s property; (4) Settle disputes; and (5) Perform other acts necessary or appropriate to its winding up. (d) Trustees of a dissolved statutory trust that has disposed of claims under § 29-1208.04 or § 29-1208.05 shall not be liable for breach of duty with respect to claims against the trust that are barred or satisfied under § 29-1208.04 or § 29-1208.05. (e) The dissolution of a statutory trust shall not terminate the authority of its registered agent. (f) On application of any person that shows good cause, the Superior Court may appoint a person to be a receiver for a dissolved statutory trust with the power to undertake any action that might have been done by the trust during its winding up if the action is necessary for final settlement of the trust.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(l)(8)(B), 59 DCR 13171.)  Section References This section is referenced in § 29-1204.04, § 29-1206.04, and § 29-1206.15. Effect of Amendments The 2013 amendment by D.C. Law 19-210 substituted “subsection” for “section” in (b)(2). Editor's Notes Uniform Law: This section is based on § 803 of the Uniform Statutory Trust Entity Act. Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
DC Code § 29-1208.04 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 12 - Statutory Trusts|Subchapter VIII - Dissolution and Winding Up|§ 29-1208.04. Known claims against dissolved statutory trust

(a) Except as otherwise provided in subsection (c) of this section, a dissolved statutory trust may give notice of a known claim which has the effect provided in subsection (b) of this section. The trust may, in a record, notify its known claimants of the dissolution. The notice shall: (1) Specify the information required to be included in the claim; (2) Provide a mailing address to which the claim is to be sent; (3) State the deadline for receipt of the claim, which shall not be less than 120 days after the date the notice is sent to the claimant; and (4) State that the claim will be barred if not received by the deadline. (b) A claim against a dissolved statutory trust is barred if the requirements of subsection (a) of this section are met and: (1) The claim is not received by the specified deadline; or (2) If the claim is timely received but rejected by the trust: (A) The trust notifies the claimant in a record that the claim is rejected and will be barred unless the claimant commences an action against the trust to enforce the claim not later than the 90th day after the claimant receives the notice; and (B) The claimant does not commence the required action not later than the 90th day. (c) This section shall not apply to a claim based on: (1) An event occurring after the effective date of dissolution; or (2) A liability that on that date is contingent.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(l)(8)(C), 59 DCR 13171.)  Section References This section is referenced in § 29-1206.15, § 29-1208.03, and § 29-1208.05. Effect of Amendments The 2013 amendment by D.C. Law 19-210 substituted “Known claims against dissolved statutory trust” for “Notice to claimant” in the section heading; substituted “give notice of a known claim which has the effect provided in subsection (b) of this section. The trust may, in a record, notify its known claimants of the dissolution” for “dispose of a known claim against it by sending notice to the claimant in a record of the dissolution of the trust” in (a); and deleted “unmatured or” preceding “contingent” in (c)(2). Editor's Notes Uniform Law: This section is based on § 804 of the Uniform Statutory Trust Entity Act. Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
DC Code § 29-1208.05 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 12 - Statutory Trusts|Subchapter VIII - Dissolution and Winding Up|§ 29-1208.05. Other claims against dissolved statutory trust

(a) A dissolved statutory trust may publish notice of its dissolution and request persons having claims against the trust to present them in accordance with the notice. (b) A notice under subsection (a) of this section shall: (1) Be published at least once in a newspaper of general circulation in the District or, if it has no principal office in the District, in the city in which the trust’s principal office is or was last located; (2) Describe the information required for a claim; (3) Provide a mailing address to which the claim may be sent; and (4) State that a claim against the trust shall be barred unless an action to enforce the claim is commenced not later than 3 years after publication of the notice. (c) If a dissolved statutory trust publishes a notice in accordance with subsection (b) of this section, the claim of each of the following claimants is barred unless the claimant commences an action to enforce a claim against the trust not later than 3 years after the publication date of the notice: (1) A claimant that did not receive notice in a record under § 29-1208.04; (2) A claimant whose claim was timely sent to the trust but was rejected or not acted on; and (3) A claimant whose claim is contingent at, or based on an event occurring after, the effective date of dissolution. (d) A claim not barred under this section or § 29-1208.04 may be enforced against: (1) A dissolved statutory trust, to the extent of its undistributed property; and (2) A beneficial owner, except as provided in § 29-1208.06, if property of the trust has been distributed after dissolution, against a beneficial owner to the extent of that person’s proportionate share of the claim or property distributed to the beneficial owner after dissolution, whichever is less. (e) A person’s total liability for all claims under subsection (d)(2) of this section does not exceed the total amount of assets distributed to the person after dissolution.  (July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(l)(8)(D), 59 DCR 13171.)  Section References This section is referenced in § 29-1206.15, § 29-1208.03, and § 29-1208.06. Effect of Amendments The 2013 amendment by D.C. Law 19-210 substituted “Other claims against dissolved statutory trust” for “Publication of notice” in the section heading; in (c), substituted “the claim of each of the following claimants is barred unless” for “unless”, and deleted “the claim of each of the following claimants shall be barred” following “date of the notice”; and rewrote (d) and (e). Editor's Notes Uniform Law: This section is based on § 805 of the Uniform Statutory Trust Entity Act. Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.
DC Code § 29-1208.06 (2021)
2021 District of Columbia Code|Title 29 - Business Organizations. [Enacted title]|Chapter 12 - Statutory Trusts|Subchapter VIII - Dissolution and Winding Up|§ 29-1208.06. Court proceedings

(a) A dissolved statutory trust that has published a notice under § 29-1208.05 may file an application with the Superior Court, or, if the principal office is not located in the District, in the appropriate court where the office of its principal office is located, for a determination of the amount and form of security to be provided for payment of claims that are contingent or have not been made known to the dissolved trust or that are based on an event occurring after the effective date of dissolution but which, based on the facts known to the dissolved trust, are reasonably expected to arise after the effective date of dissolution. Provision need not be made for any claim that is or is reasonably anticipated to be barred under § 29-1208.05(c). (b) Notice of the proceeding must be given by the dissolved statutory trust to each claimant holding a contingent claim whose contingent claim is shown on the records of the dissolved trust not later than 10 days after the filing of the application under subsection (a) of this section. (c) The Superior Court may appoint a guardian ad litem to represent all claimants whose identities are unknown in any proceeding brought under this section. The reasonable fees and expenses of the guardian, including reasonable expert witness fees, must be paid by the dissolved statutory trust. (d) Provision by the dissolved statutory trust for security in the amount and the form ordered by the court under subsection (a) of this section satisfies the dissolved trust’s obligations with respect to claims that are contingent, have not been made known to the dissolved trust, or are based on an event occurring after the effective date of dissolution, and such claims may not be enforced against a beneficial owner that received assets in liquidation.  (Mar. 5, 2013, D.C. Law 19-210, § 2(l)(8)(E), 59 DCR 13171.)  Section References This section is referenced in § 29-1206.15 and § 29-1208.05. Editor's Notes Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.