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Statutes Text

Article - Estates and Trusts


    A trust not created by will is validly created if the creation of the trust complies with:

        (1)    The law of the jurisdiction in which the trust instrument was executed; or

        (2)    The law of the jurisdiction in which, at the time of creation:

            (i)    The settlor was domiciled or was a national;

            (ii)    A trustee of the trust was domiciled or had a place of business; or

            (iii)    Any trust property was located.

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