§2107. Limitations on trust director
A trust director is subject to the same rules as a trustee in a like position and under similar circumstances in the exercise or nonexercise of a power of direction or further power under section 2106, subsection 2, paragraph A regarding:
[PL 2019, c. 301, §8 (NEW).]
1.
Medicaid payback provision.
A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of Medicaid law in Section 1917 of the federal Social Security Act, 42 United States Code, Section 1396p(d)(4)(A); and
[PL 2019, c. 301, §8 (NEW).]
2.
Charitable interest.
A charitable interest in the trust, including notice regarding the interest to the Attorney General.
[PL 2019, c. 301, §8 (NEW).]
SECTION HISTORY
PL 2019, c. 301, §8 (NEW).