Utah § 75B-3-107 Limitations on trust director.

Utah Statutes

§ 75B-3-107 — Limitations on trust director.

Utah·Title 75B Trusts·Ch. 75B-3 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 Subsection 75B-3-106(2)(a) regarding:

(1)a payback provision in the terms of a trust necessary to comply with the Medicaid reimbursement requirements in Section 1917 of the Social Security Act, 42 U.S.C. Sec. 1396p(d)(4)(A), as amended, and any related regulations; and

(2)a charitable interest in the trust, including notice regarding the interest to the attorney general.

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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 Subsection 75B-3-106(2)(a) regarding:
(1) a payback provision in the terms of a trust necessary to comply with the Medicaid reimbursement requirements in Section 1917 of the Social Security Act, 42 U.S.C. Sec. 1396p(d)(4)(A), as amended, and any related regulations; and
(2) a charitable interest in the trust, including notice regarding the interest to the attorney general.

Utah § 75B-3-107 (Limitations on trust director.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.