[ §554D-403] Trusts created in other jurisdictions.
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/hi/554d-403A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[ §554D-403] Trusts created in other jurisdictions. 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 the jurisdiction in which, at the time of creation:
(1)The settlor was domiciled, had a place of abode, or was a national;
(2)A trustee was domiciled or had a place of business; or
(3)Any trust property was located.
Unless otherwise provided in the trust instrument, this section shall also apply to trust amendments. [L 2021, c 32, pt of §2]