Ky. Rev. Stat. § 386B.1-050

Current through 2024 Ky. Acts ch. 225
Section 386B.1-050 - Governing law

The meaning and effect of the terms of a trust governed by this chapter are determined by:

(1) The law of the jurisdiction designated in the terms unless the designation of that jurisdiction's law is contrary to a strong public policy of the jurisdiction having the most significant relationship to the matter at issue; or
(2) In the absence of a controlling designation in the terms of the trust, the law of the jurisdiction having the most significant relationship to the matter at issue.

KRS 386B.1-050

Added by 2014 Ky. Acts ch. 25,§ 5, eff. 7/15/2014.