Me. Stat. tit. 18-B § 2107

Current through 131st (2023-2024) Legislature Chapter 634

Section 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: [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

[2019, c. 301, §8 (NEW).]

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

[2019, c. 301, §8 (NEW).]

18-B M.R.S. § 2107

Added by 2019, c. 301,§ 8, eff. 9/19/2019.