The meaning and effect of the terms of a trust are determined by:
(1) The law of the jurisdiction designated in the terms unless the designation of that jurisdiction’s law is contrary to a strong public policy of the jurisdiction having the most significant relationship to the matter at issue; or
(2) In the absence of a controlling designation in the terms of the trust, the law of the jurisdiction having the most significant relationship to the matter at issue.
Structure Maryland Statutes
Title 14.5 - Maryland Trust Act
Section 14.5-101 - Short Title
Section 14.5-102 - Application of Title
Section 14.5-103 - Definitions
Section 14.5-104 - Person With Knowledge of Facts
Section 14.5-105 - Terms of Trust Prevail -- Exceptions
Section 14.5-106 - Common Law of Trusts and Principles of Equity Are Supplemental
Section 14.5-107 - Governing Law of Trust Provisions
Section 14.5-108 - Principal Place of Administration
Section 14.5-110 - Qualified Beneficiaries
Section 14.5-111 - Nonjudicial Settlement Agreements
Section 14.5-112 - Inter Vivos Trust -- Applicability of Other Sections