Section 7780.18 - Limitations on powers of trust director - udta 7In the exercise or nonexercise of powers affecting the following, a trust director is subject to the same rules as a trustee that holds the same power regarding:
(1) A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of Medicaid law in 42 U.S.C. § 1396p(d)(4)(A) (relating to liens, adjustments and recoveries, and transfers of assets), as amended, and regulations issued thereunder, as amended.(2) A charitable interest in a trust, including notice regarding the interest to the Office of Attorney General.Added by P.L. (number not assigned at time of publication) 2024 No. 64,§ 7, eff. 10/14/2024.