Ark. Code § 28-73-107

Current with legislation from 2024 Fiscal and Special Sessions.

Section 28-73-107 - 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.

Ark. Code § 28-73-107

Acts 2005, No. 1031, § 1.