This chapter applies to a trust created before, on, or after January 1, 2019, which:

1. (1) has its principal place of administration in this state, including a trust whose principal place of administration has been changed to this state; or

2. (2) provides by its trust instrument that it is governed by the law of this state or is governed by the law of this state for the purpose of:

   1. (A) administration, including administration of a trust whose governing law for purposes of administration has been changed to the law of this state;
   2. (B) construction of terms of the trust; or
   3. (C) determining the meaning or effect of terms of the trust.

(Act 2018-519, §5.)