Application - governing law.

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(1) This part 9 applies to a trust created before, on, or after August 10, 2016, which:

  1. Has its principal place of administration in this state, including a trust whose principal placeof administration has been changed to this state; or

  2. Provides by its trust instrument that it is governed by the law of this state or is governed bythe law of this state for the purpose of:

  1. Administration, including administration of a trust whose governing law for purposes ofadministration has been changed to the law of this state;

  2. Construction of terms of the trust; or

  3. Determining the meaning or effect of terms of the trust.

Source: L. 2016: Entire part added, (SB 16-085), ch. 228, p. 874, § 1, effective August 10.


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