Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 7707 - Governing law - utc 107The meaning and effect of the terms of a trust shall be determined by:
(1) the law of the jurisdiction designated in the terms of the trust , but the mandatory rules of section 7705(b) (relating to trust controls; mandatory rules - UTC 105) shall govern if different from the law of the designated jurisdiction ; or(2) in the absence of an effective designation in the terms of the trust , the law of the jurisdiction in which the settlor is domiciled when the trust becomes irrevocable.Amended by P.L. (number not assigned at time of publication) 2024 No. 64,§ 2, eff. 10/14/2024.2006, July 7, P.L. 625, No. 98, §9, effective in 120 days [ 11/6/2006].