Sec. 45a-500g. Limitations on trust director.
87 words·~1 min read·
/ct/title-45a/chapter-802c-trusts/45a-500g·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.