Sec. 1205. Application; governing law.
119 words·~1 min read·
/il/chapter-760/act-3/1205A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 1205. Application; governing law. This Article applies to a trust created before, on, or after the effective date of this Code that:
(1)has its principal place of administration in this State, including a trust whose
principal place of administration has been changed to this State; or
(2)provides by its trust instrument that it is governed by the law of this State or is
governed by the law of this State for the purpose of:
(A)administration, including administration of a trust whose governing law for
purposes of administration has been changed to the law of this State;
(B)construction of terms of the trust; or
(C)determining the meaning or effect of terms of the trust.