20 Pa. C.S. § 7707

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 7707 - Governing law - utc 107

The 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.

20 Pa.C.S. § 7707

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].