Indiana § 30-4-9-7 Rules relating to payback provisions; charitable interest

Indiana Statutes

§ 30-4-9-7 — Rules relating to payback provisions; charitable interest

Indiana·Art. 4 TRUST CODE·Ch. 9 Uniform Directed Trust Act

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 section 6(b)(1) of this chapter regarding:

(1)a payback provision in the terms of a trust necessary to comply with the reimbursement requirements under 42 U.S.C. 1396p(d)(4)(A); or

(2)a charitable interest in the trust, including notice regarding the interest to the attorney general under IC 30-4-6-6.

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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
section 6(b)(1) of this chapter regarding:
(1) a payback provision in the terms of a trust necessary to comply
with the reimbursement requirements under 42 U.S.C.
1396p(d)(4)(A); or
(2) a charitable interest in the trust, including notice regarding the
interest to the attorney general under IC 30-4-6-6.

Indiana § 30-4-9-7 (Rules relating to payback provisions; charitable interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.