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

Nebraska Statutes

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

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

(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.

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