Vermont § 108 - Principal place of administration

§ 108. Principal place of administration

• (a) Without precluding other means for establishing a sufficient connection with the designated
  jurisdiction, terms of a trust designating the principal place of administration are
  valid and controlling if: (1) a trustee’s principal place of business is located in or a trustee is a resident of
  the designated jurisdiction; or (2) all or part of the administration occurs in the designated jurisdiction. (b) A trustee is under a continuing duty to administer the trust at a place appropriate
  to its purposes, its administration, and the interests of the beneficiaries. (c) Without precluding the right of the Probate Division of the Superior Court to order,
  approve, or disapprove a transfer, the trustee, in furtherance of the duty prescribed
  by subsection (b) of this section, may transfer the trust’s principal place of administration
  to another state or to a jurisdiction outside the United States. (d) The trustee shall notify the qualified beneficiaries of a proposed transfer of a trust’s
  principal place of administration not less than 60 days before initiating the transfer.
  The notice of proposed transfer must include: (1) the name of the jurisdiction to which the principal place of administration is to
  be transferred; (2) the address and telephone number at the new location at which the trustee can be contacted; (3) an explanation of the reasons for the proposed transfer; (4) the date on which the proposed transfer is anticipated to occur; and (5) the date, not less than 60 days after the giving of the notice, by which the qualified
  beneficiary must notify the trustee of an objection to the proposed transfer. (e) The authority of a trustee under this section to transfer a trust’s principal place
  of administration terminates if a qualified beneficiary notifies the trustee of an
  objection to the proposed transfer on or before the date specified in the notice. (f) In connection with a transfer of the trust’s principal place of administration, the
  trustee may transfer some or all of the trust property to a successor trustee designated
  in the terms of the trust or appointed pursuant to section 704 of this title. (Added 2009, No. 20, § 1; amended 2009, No. 154 (Adj. Sess.), § 236, eff. Feb. 1, 2011.)