State Codes and Statutes

Statutes > Virginia > Title-55 > Chapter-31 > 55-541-07

§ 55-541.07. Governing law.

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

1. The law of the jurisdiction designated in the terms unless the designationof that jurisdiction's law is contrary to a strong public policy of thejurisdiction 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, thelaw of the jurisdiction having the most significant relationship to thematter at issue.

(2005, c. 935.)

State Codes and Statutes

Statutes > Virginia > Title-55 > Chapter-31 > 55-541-07

§ 55-541.07. Governing law.

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

1. The law of the jurisdiction designated in the terms unless the designationof that jurisdiction's law is contrary to a strong public policy of thejurisdiction 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, thelaw of the jurisdiction having the most significant relationship to thematter at issue.

(2005, c. 935.)


State Codes and Statutes

State Codes and Statutes

Statutes > Virginia > Title-55 > Chapter-31 > 55-541-07

§ 55-541.07. Governing law.

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

1. The law of the jurisdiction designated in the terms unless the designationof that jurisdiction's law is contrary to a strong public policy of thejurisdiction 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, thelaw of the jurisdiction having the most significant relationship to thematter at issue.

(2005, c. 935.)