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2019 Nebraska Revised Statutes
Chapter 30 - DECEDENTS' ESTATES; PROTECTION OF PERSONS AND PROPERTY
30-4307 (UDTA 7) Limitation on trust director.
Universal Citation: NE Code § 30-4307 (2019)
30-4307. (UDTA 7) Limitation on trust director.
(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.
Source
- Laws 2019, LB536, ยง 7.
- Effective Date: September 1, 2019
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