Section 44D-8A-807 - 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 §44D-8A-806(b)(1) of this code 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 of the State of West Virginia.Added by 2020 Acts, ch. 137 (SB 213), eff. 7/1/2020.