§ 1405.
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/vt/1405-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1405. Application; governing law
This chapter applies to a trust created before, on, or after the effective date of this act 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. (Added 2023, No. 177 (Adj. Sess.), § 1, eff. July 1, 2024.)