Governing law.

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(1) The meaning and effect of the terms of a trust are determined by:

  1. The law of the jurisdiction designated in the terms of the trust unless the designationof that jurisdiction's law is contrary to a strong public policy of the jurisdiction having the most significant relationship to the matter at issue; or

  2. In the absence of a controlling designation in the terms of the trust, the law of thejurisdiction having the most significant relationship to the matter at issue.

Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1148, § 1, effective January 1, 2019.


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