§ 15-5-508 — Application of part

(1) This part 5 applies to all trusts created
before, on, or after July 1, 2022.

(2) This part 5 applies to all judicial proceedings concerning trusts
commenced on or after July 1, 2022.

(3) This part 5 applies to judicial proceedings concerning trusts commenced
before July 1, 2022, unless the court finds that application of a particular provision
of this part 5 would substantially interfere with the effective conduct of the judicial
proceedings or prejudice the rights of the parties, in which case the particular
provision of this part 5 does not apply and the superseded law applies.

(4) Any rule of construction or presumption provided in this part 5 applies to
trust instruments executed before July 1, 2022, unless there is a clear indication of
a contrary intent in the terms of the trust.

(5) An act done before July 1, 2022, is not affected by this part 5.

(6) If a right affected by this part 5 is acquired, extinguished, or barred upon
the expiration of a prescribed period that has commenced to run pursuant to any
other statute before July 1, 2022, then the period prescribed by that statute
continues to apply to the right.

Legislative History

Source: L. 2021: Entire part added, (SB 21-162), ch. 170, p. 943, � 1, effective September 7.