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Code · Nebraska · Chapter 30 — Decedents' Estates; Protection of Persons and Property

30-4307. (UDTA 7) Limitation on trust director.

81 words·~1 min read·/ne/chapter-30/30-4307

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(UDTA 7) 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 (b)(1) of section 30-4306 regarding:
(1)a payback provision in the terms of a trust necessary to comply with the medicaid reimbursement requirements of section 68-919 ; and
(2)a charitable interest in the trust, including notice regarding the interest to the Attorney General.
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