Governing law

15-5-107. Governing law. (1) The meaning and effect of the terms of a trust are determined by: (a) The law of the jurisdiction designated in the terms of the trust 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 (b) 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. Source: L. 2018: Entire article added, (SB 18-180), ch. 169, p. 1148, � 1, effective January 1, 2019.