Code of Virginia - Title 55 Property And Conveyances - Section 55-541.07 Governing law.

§ 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 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.

(2005, c. 935.)

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Last modified: April 3, 2009