Sec. 7403.
A trust not created by will is validly created if its creation complies with the law of the jurisdiction in which the trust instrument was executed or the law of a jurisdiction to which, at the time of creation, any of the following applied:
(a) The settlor was domiciled, had a place of abode, or was a national in the jurisdiction.
(b) A trustee was domiciled or had a place of business in the jurisdiction.
(c) Any trust property was located in the jurisdiction.
History: 1998, Act 386, Eff. Apr. 1, 2000 ;-- Am. 2009, Act 46, Eff. Apr. 1, 2010
Popular Name: EPIC