(a) Except as otherwise provided in subsection (b) of this section, a statutory trust may be formed for and may have any lawful purpose, regardless of whether for profit. (b) A statutory trust may not have a predominantly donative purpose.
D.C. Code § 29-1203.03 — under Governing Law; Authorization; Duration; Powers..
D.C. Code § 29-1203.03
(a) Except as otherwise provided in subsection (b) of this section, a statutory trust may be formed for and may have any lawful purpose, regardless of whether for profit. (b) A statutory trust may not have a predominantly donative purpose.