Connecticut General Statutes 3-123bb – Powers of Comptroller re Connecticut Home Care Trust Fund
Current as of: 2024 | Check for updates
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The Comptroller, on behalf of the trust and for purposes of the trust, may:
Terms Used In Connecticut General Statutes 3-123bb
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
(1) Receive and invest moneys in the trust in any instruments, obligations, securities or property in accordance with section 3-123cc;
(2) Procure insurance in connection with the trust’s property, assets, activities, or deposits or contributions to the trust;
(3) Establish one or more funds within the trust and maintain separate accounts for each designated beneficiary; and
(4) Take any other actions necessary to carry out the purposes of sections 3-123aa to 3-123ff, inclusive, and incidental to the duties imposed on the Comptroller pursuant to said sections.