§ 36C-8B-5. Application; governing law.
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§ 36C-8B-5. Application; governing law.
This Article shall apply to a trust that meets any of the following criteria:
(1)The trust has its principal place of administration in this State, including a trust that has had its principal place of administration changed to this State.
(2)The trust 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 any of the following purposes:
a. Administration, including administration of a trust that has had its governing law for purposes of administration changed to this State.
b. Construction of terms of the trust.
c. Determination of the meaning or effect of terms of the trust. (2017-121, s. 1.)