1. 1. This State This Act applies to a trust that:

   1. A. Has its principal place of administration in this State, including a trust whose principal place of administration has been changed to this State; or

      [PL 2021, c. 235, §1 (NEW).]

   2. B. 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. (1) Administration, including administration of a trust whose governing law for purposes of administration has been changed to the law of this State;
      2. (2) Construction of terms of the trust; or

      3. (3) Determining the meaning or effect of terms of the trust.

         [PL 2021, c. 235, §1 (NEW).]

   [PL 2021, c. 235, §1 (NEW).]

2. 2. Creation of trust; court proceedings Except as otherwise provided in this Act:

   1. A. The Act applies to a trust created before, on or after October 1, 2021;

      [RR 2021, c. 2, Pt. A, §37 (COR).]

   2. B. The Act applies to any proceedings in court commenced on or after October 1, 2021;

      [PL 2021, c. 235, §1 (NEW).]

   3. C. The Act applies to proceedings in court pending on October 1, 2021 unless the court finds that application of a particular provision of the Act would interfere substantially with the effective conduct of the proceeding or prejudice a right of a party, in which case the particular provision of the Act does not apply; and

      [PL 2021, c. 235, §1 (NEW).]

   4. D. A rule of construction or presumption provided in the Act applies to a trust instrument executed prior to October 1, 2021 unless there is a clear indication of a contrary intent in the terms of the instrument.

      [PL 2021, c. 235, §1 (NEW).]

   [RR 2021, c. 2, Pt. A, §37 (COR).]

3. 3. Action before effective date of Act Except as otherwise provided in subsection 2, an action done before October 1, 2021 is not affected by the Act.

   [PL 2021, c. 235, §1 (NEW).]

PL 2021, c. 235, §1 (NEW). RR 2021, c. 2, Pt. A, §37 (COR).