Minn. Stat. § 501C.0403

Current through Register Vol. 49, No. 8, August 19, 2024

Section 501C.0403 - TRUSTS CREATED IN OTHER JURISDICTIONS

A trust not created by will is validly created if its creation complies with the law of jurisdiction in which the trust instrument is executed, or the law of the jurisdiction in which, at the time of execution:

(1) the settlor was domiciled, had a place of abode, or was a national;

(2) a trustee was domiciled or had a place of business; or

(3) any trust property was located.

Minn. Stat. § 501C.0403

2015 c 5 art 4 s 3

Added by 2015 Minn. Laws, ch. 5,s 4-3, eff. 1/1/2016.