7-1.10 - Provision by non-domiciliary creator as to law to govern trust - New York Statutes

§ 7-1.10 Provision by non-domiciliary creator as to law to govern trust (a) Whenever a person, not domiciled in this state, creates a trust which provides that it shall be governed by the laws of this state, such provision shall be given effect in determining the validity, effect and interpretation of the disposition in such trust of: (1) Any trust property situated in this state at the time the trust is created. (2) Personal property, wherever situated, if the trustee of the trust is a person residing, incorporated or authorized to do business in this state or a national bank having an office in this state.