Section 1307 - Limitations on trust directorA 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 1306(b)(1) of this title 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), and regulations issued thereunder; and(2) a charitable interest in the trust, including notice regarding the interest to the Attorney General.Added by 2024, No. 104,§ 1, eff. 5/13/2024.