Virginia Code 64.2-705: Governing law
Current as of: 2023 | Check for updates
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The meaning and effect of the terms of a trust are determined by:
Terms Used In Virginia Code 64.2-705
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Terms of a trust: means :
1. See Virginia Code 64.2-701
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.