Sec. 45a-499h. Principal place of administration.
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/ct/title-45a/chapter-802c-trusts/45a-499h·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Without precluding other means for establishing a sufficient connection with the designated jurisdiction, terms of a trust designating the principal place of administration of the trust are valid and controlling if:
(1)A trustee's principal place of business is located in, or a trustee is a resident of, the designated jurisdiction;
(2)a trust director's principal place of business is located in, or a trust director is a resident of, the designated jurisdiction; or
(3)all or part of the administration occurs in the designated jurisdiction.
(b)A trustee is under a continuing duty to administer the trust at a place appropriate to its purposes, its administration and the interests of the beneficiaries.
(c)Without precluding the right of the court to order, approve or disapprove a transfer, and except as set forth in subsection
(e)of this section, in furtherance of the duty prescribed in subsection
(b)of this section, a trustee may transfer the trust's principal place of administration to another state or to a jurisdiction outside of the United States.
(d)A change in the principal place of administration of a trust from this state to another jurisdiction does not, by itself, deprive the courts of this state of jurisdiction over the trust.
(e)The trustee may not transfer the principal place of administration of a charitable trust to a jurisdiction outside of the United States. The trustee of a testamentary trust may not transfer the principal place of administration without approval of the Probate Court having jurisdiction over the testamentary trust.
(f)The trustee shall notify the qualified beneficiaries of a proposed transfer of a trust's principal place of administration not less than sixty days prior to the date of initiating the transfer. The notice of proposed transfer shall include:
(1)The name of the jurisdiction to which the principal place of administration is to be transferred;
(2)The address and telephone number at the new location at which the trustee can be contacted;
(3)An explanation of the reason for the proposed transfer; and
(4)The date on which the proposed transfer is anticipated to occur.
(g)In connection with a transfer of the trust's principal place of administration, the trustee may transfer some or all of the trust property to a successor trustee designated in the terms of the trust or appointed pursuant to section 45a-499uu .