Section 1207 - [Effective 11/1/2024]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 paragraph 1 of subsection B of Section 7 of this act regarding:
1. A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of Medicaid law in Section 1917 of the Social Security Act, 42 U.S.C., Section 1396p(d)(4)(A), as amended, and regulations issued thereunder, as amended; and2. A charitable interest in the trust, including providing notice regarding the interest to the Attorney General.Okla. Stat. tit. 60, § 1207
Added by Laws 2024, c. 369,s. 8, eff. 11/1/2024.