Public-domain · open source
OpenJurist

Neb. Rev. Stat. § 30-4307

(UDTA 7) Limitation on trust director

Laws 2019, LB536, § 7.

(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.

Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.