§ 7780.18. Limitations on powers of trust director - UDTA 7.
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/pa/title-20/chapter-77/7780-18A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 7780.18. Limitations on powers of trust director - UDTA 7.
In the exercise or nonexercise of powers affecting the following, a trust director is subject to the same rules as a trustee that holds the same power regarding:
(1)A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of Medicaid law in 42 U.S.C. § 1396p(d)(4)(A) (relating to liens, adjustments and recoveries, and transfers of assets), as amended, and regulations issued thereunder, as amended.
(2)A charitable interest in a trust, including notice regarding the interest to the Office of Attorney General.
20c7780.18v
Cross References. Section 7780.18 is referred to in section 7780.15 of this title.
20c7780.19s