Washington Code 11.98B.060 – Trust director — Power of direction — Limitations
Current as of: 2023 | Check for updates
|
Other versions
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 RCW 11.98B.050(2)(a) regarding:
(1) A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of medicaid law in section 1917 of the social security act, 42 U.S.C. § 1396p(d)(4)(A), as amended, as of January 1, 2021; and
(2) A charitable interest in the trust.
[ 2020 c 303 § 7.]