Conn. Gen. Stat. § 45a-500g

Current with legislation from the 2024 Regular and Special Sessions.

Section 45a-500g - 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 subdivision (1) of subsection (b) of section 45a-500f regarding:

(1) A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of 42 USC 1396p(d)(4)(A), as amended from time to time; and

(2) A charitable interest in the trust, including notice regarding the interest to the Attorney General.

Conn. Gen. Stat. § 45a-500g

Added by P.A. 19-0137,S. 86 of the Connecticut Acts of the 2019 Regular Session, eff. 1/1/2020.