Section 55-3-42 - State jurisdiction provision defined

55-3-42. State jurisdiction provision defined.For the purposes of §§55-3-39 and 55-3-40, the term, state jurisdiction provision, means a provision within the trust instrument that the laws of this state govern the validity, construction, or administration of a trust or that the trust is subject to the jurisdiction of this state. Source: SL 1998, ch 282, §23; SL 2013, ch 239, §22.