58-5007. Limitations on trust director.
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/ks/chapter-58/58-5007A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
58-5007. 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 K.S.A. 58-5006 (b)(1), and amendments thereto, regarding:
(a)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. § 1396p(d)(4)(A), as in effect on July 1, 2022; and
(b)a charitable interest in the trust, including notice regarding the interest to the attorney general.