Nebraska Statutes 30-4307. (UDTA 7) Limitation on trust director
Current as of: 2024 | Check for updates
|
Other versions
(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:
Terms Used In Nebraska Statutes 30-4307
- Attorney: shall mean attorney at law. See Nebraska Statutes 49-801
- Trustee: A person or institution holding and administering property in trust.
(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.