Section 30-4-9-3 - Application(a) This chapter applies to a trust, whenever created, that has its principal place of administration in Indiana, subject to the following:(1) If the trust was created before July 1, 2019, this chapter applies only to a decision or action occurring after June 30, 2019.(2) If the principal place of administration of the trust is changed to Indiana after June 30, 2019, this chapter applies only to a decision or action occurring on or after the date of the change.(b) Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, the terms of the trust that designate the principal place of administration of the trust are valid and controlling if: (1) a trustee's principal place of business is located in or a trustee is a resident of the designated jurisdiction;(2) a trust director's principal place of business is located in or a trust director is a resident of the designated jurisdiction; or(3) all or part of the administration occurs in the designated jurisdiction.Added by P.L. 221-2019,SEC. 10, eff. 7/1/2019.