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Vermont Stat.
2025 Vermont Statutes
Title 14A - Trusts
Chapter 13 - Uniform Directed Trust Act
§ 1307. Limitations on trust director
Universal Citation:
14 VT Stats § 1307
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§ 1307. 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 subdivision 1306(b)(1) of this title 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), and regulations issued thereunder; and
(2) a charitable interest in the trust, including notice regarding the interest to the Attorney General. (Added 2023, No. 104 (Adj. Sess.), § 1, eff. May 13, 2024.)
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