Applicability of laws pertaining to trusts; principle of freedom of contract and enforceability of governing instruments.
1. Except as otherwise provided in the certificate of trust, the governing instrument or this chapter, the laws of this State pertaining to trusts apply to a business trust.
2. In applying the provisions of this chapter, the court shall give the greatest effect to the principle of freedom of contract and the enforceability of governing instruments.
Last modified: February 26, 2006