District of Columbia § 19-2107 Limitations on trust director.

District of Columbia Statutes

§ 19-2107 — Limitations on trust director.

District of Columbia·Title 19 Descent, Distribution, and Trusts. [Enacted title]·Ch. 21 Uniform Directed Trust Code.

(a)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 § 19-2106(b)(1) regarding:

(1)A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of Medicaid law in section 1917(d)(4)(A) of the Social Security Act, approved September 3, 1982 (96 Stat. 370; 42 U.S.C. § 1396p(d)(4)(A)), and regulations issued thereunder; and

(2)A charitable interest in the trust, including notice regarding the interest to the Attorney General for the District of Columbia.

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(a) 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 § 19-2106(b)(1) regarding:

(1) A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of Medicaid law in section 1917(d)(4)(A) of the Social Security Act, approved September 3, 1982 (96 Stat. 370; 42 U.S.C. § 1396p(d)(4)(A)), and regulations issued thereunder; and

(2) A charitable interest in the trust, including notice regarding the interest to the Attorney General for the District of Columbia.

District of Columbia § 19-2107 (Limitations on trust director.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.