(a) The meaning and effect of the terms of a trust are determined by:
(1) the law of the jurisdiction designated in the terms of the trust 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.
(b) Without precluding other circumstances under which this state has the most significant relationship to a matter affecting a trust, this state has the most significant relationship to a matter involving a trust's validity, construction, or administration if:
(1) under the terms of the trust, this state's laws govern that matter; and
(2) the trust has its principal place of administration in this state.