Maine § 18-B §2107 Limitations on trust director

Maine Statutes

§ 18-B §2107 — Limitations on trust director

Maine·Title 18-B TRUSTS·Part 2 MAINE 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 2106, subsection 2, paragraph A regarding:

1.Medicaid payback provision. A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of Medicaid law in Section 1917 of the federal Social Security Act, 42 United States Code, Section 1396p(d)(4)(A); and

2.Charitable interest. A charitable interest in the trust, including notice regarding the interest to the Attorney General.

Free access — add to your briefcase to read the full text and ask questions with AI

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 2106, subsection 2, paragraph A regarding:
1.
Medicaid payback provision.
A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of Medicaid law in Section 1917 of the federal Social Security Act, 42 United States Code, Section 1396p(d)(4)(A); and
2.
Charitable interest.
A charitable interest in the trust, including notice regarding the interest to the Attorney General.

Maine § 18-B §2107 (Limitations on trust director) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.