The law specified by Article 6 or 7 shall govern the validity of the trust, its construction, its effects and the administration of the trust.
In particular that law shall govern —
the appointment, resignation and removal of trustees, the capacity to act as a trustee, and the devolution of the office of trustee;
the rights and duties of trustees among themselves;
the right of trustees to delegate in whole or in part the discharge of their duties or the exercise of their powers;
the power of trustees to administer or to dispose of trust assets, to create security interests in the trust assets, or to acquire new assets;
the powers of investment of trustees;
restrictions upon the duration of the trust, and upon the power to accumulate the income of the trust;
the relationships between the trustees and the beneficiaries including the personal liability of the trustees to the beneficiaries;
the variation or termination of the trust;
the distribution of the trust assets;
the duty of trustees to account for their administration.