(1) This part applies to a trust subject to this chapter, whenever created, that has its principal place of administration in the state, subject to the following rules:

(a) If the trust was created before July 1, 2021, this part applies only to a decision or action occurring on or after July 1, 2021.

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(b) If the principal place of administration of the trust is changed to the state on or after July 1, 2021, this part applies only to a decision or action occurring on or after the date of the change.
(2) In addition to s. 736.0108, relating to a trust’s principal place of administration, in a directed trust, terms of the trust that designate the principal place of administration of the trust in the state are valid and controlling if a trust director’s principal place of business is located in or a trust director is a resident of the state.