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The DC Code: § 42-1015 Beneficiaries to take equally unless otherwise directed; effect of giving trustee discretion.

Index42 Real Property. (Refs & Annos)

Where a disposition under a power is directed to be made to or among or between several persons, without any specifications of the share or sum to be allotted to each, all the persons designated shall be entitled to an equal proportion. But when the terms of the power import that the estate or fund is to be distributed between the persons so designated, in such manner or proportions as the trustee of the power may think proper, the trustee may allot the whole to any 1 or more of such persons in exclusion of the others.

Historical and Statutory

Prior Codifications 1981 Ed., § 45-115. 1973 Ed., § 45-1015. DC CODE § 42-1015 Current through December 11, 2012

Credits

(Mar. 3, 1901, 31 Stat. 1354, ch. 854, § 1051.)