Nebraska § 30-4307 (UDTA 7) Limitation on trust director

Nebraska Statutes

§ 30-4307 — (UDTA 7) Limitation on trust director

Nebraska § 30-4307

Ch. 30Decedents' Estates; Protection of Persons and Property

This text of Nebraska § 30-4307 ((UDTA 7) Limitation on trust director) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 30-4307 (2026).

Text

(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.

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(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.