Va. Code § 64.2-705

Current with changes from the 2024 legislative session through ch. 845

Section 64.2-705 - 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 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.

Va. Code § 64.2-705

2005, c. 935, § 55-541.07; 2012, c. 614.

Amended by Acts 2012, c. 614.

Amended by Acts 2005, c. 935, § 55-541.07.