Section 104 – Governing law.

• (1) Except as otherwise provided in the terms of a trust or this chapter, this chapter applies when this state is:
  • (a) the principal place of administration of a trust or estate; or
  • (b) the situs of property that is not held in a trust or estate and is subject to a life estate or other term interest described in Subsection 22-3-103(2).

• (2) By accepting the trusteeship of a trust having the trust’s principal place of administration in this state or by moving the principal place of administration of a trust to this state, the trustee submits to the application of this chapter to any matter within the scope of this chapter involving the trust.

Amended by Chapter 348, 2020 General Session