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2019 Utah Code
Title 75 - Utah Uniform Probate Code
Chapter 12 - Uniform Directed Trust Act
Section 107 - Limitations on trust director.
Universal Citation: UT Code § 75-12-107 (2019)
Effective 5/14/2019
75-12-107. Limitations on trust director.
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 75-12-106(2)(a) regarding:
Enacted by Chapter 153, 2019 General Session
75-12-107. Limitations on trust director.
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 75-12-106(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.
Enacted by Chapter 153, 2019 General Session
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