35-15-107 - Governing law. - Tennessee Statutes

35-15-107. 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.

[Acts 2004, ch. 537, § 8.]