Code of Virginia § 64.2-779.3. Application; governing law.
115 words·~1 min read·
/va/title-64-2/chapter-7/64-2-779-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
This article applies to a trust created before, on, or after July 1, 2017, that:
1. Has its principal place of administration in the Commonwealth, including a trust whose principal place of administration has been changed to the Commonwealth; or
2. Provides by its trust instrument that it is governed by the law of the Commonwealth or is governed by the law of the Commonwealth 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 the Commonwealth;
b. Construction of terms of the trust; or
c. Determining the meaning or effect of terms of the trust.
2017, c. 592 .