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Current as of January 01, 2025 | Updated by Findlaw Staff
1. This State. This Act applies to a trust that:
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
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) Administration, including administration of a trust whose governing law for purposes of administration has been changed to the law of this State;
(2) Construction of terms of the trust; or
(3) Determining the meaning or effect of terms of the trust.
2. Creation of trust; court proceedings. Except as otherwise provided in this Act:
A. The Act applies to a trust created before, on or after October 1, 2021;
B. The Act applies to any proceedings in court commenced on or after October 1, 2021;
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
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.
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.
Cite this article: FindLaw.com - Maine Revised Statutes Title 18-B. Trusts § 1205. Application; governing law - last updated January 01, 2025 | https://codes.findlaw.com/me/title-18-b-trusts/me-rev-st-tit-18-b-sect-1205/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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