Trustee or beneficial owner may consent to jurisdiction.

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47-14A-13. Trustee or beneficial owner may consent to jurisdiction.

In the governing instrument of the business trust or other writing, a trustee or beneficial owner may consent to be subject to the nonexclusive jurisdiction of the courts of, or arbitration in, a specified jurisdiction, or the exclusive jurisdiction of the courts of the state, or the exclusivity of arbitration in a specified jurisdiction or the state, and to be served with legal process in the manner prescribed in such governing instrument of the business trust or other writing.

Source: SL 2001, ch 245, §13.


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