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- Situs is a legal term that refers to the location or place where something is considered to exist for legal purposes. It's a fancy way of saying "where something is located." This can be important in legal matters because the location of something can affect things like which laws apply, where a lawsuit can be filed, and how disputes are resolved.
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What does "situs" mean in legal terms? In legal terms, "situs" means the place or location where something is considered to exist or have occurred. It's used to identify the appropriate jurisdiction or governing laws that apply to a particular legal issue or dispute.
Jurisdiction. In this context, the term means judicial jurisdiction, which means some kind of minimum contacts between the court and the trust parties or property, such that the court can hear matters pertaining to trust administration or trust assets.
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Definition of "situs" Depicts the location where a crime occurred, an accident took place, or a structure stands. How to use "situs" in a sentence. They scouted the situs to gather evidence for the investigation. The factory's situs is considered an industrial zone. After the car collision, the police closed off the situs to conduct their inquiry.
situs n. [Latin, position, site, from sinere to leave in place, allow]: a location that is or is held to be the site of something (as property or a crime or tort) and that commonly determines jurisdiction over it [the of a conspiracy] Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated.
Governing Law and Situs of Trusts. Take-Away: Modern trusts expressly give to the trustee the authority to change the governing law of a trust, or the situs of a trust. Some trusts are silent on the trustee’s ability to change the governing law or situs of the trust.
A. Multiple Meanings of Trust Situs. 1. What does situs mean? It can have multiple meanings, and indeed a trust can have different types of situs. At the American College of Trust and Estate Counsel (“ACTEC”) Fiduciary Litigation Committee meeting in March 2012, ACTEC Fellows Barry F. Spivey and Shane Kelley made a presentation addressing the
Situs Definition and Legal Meaning. On this page, you'll find the legal definition and meaning of Situs, written in plain English, along with examples of how it is used. What is Situs? (n) Situs is used represent the place of incident where an action or event has taken place.
