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18-B §2107. Limitations on trust director (WHOLE SECTION TEXT EFFECTIVE 1/1/20 by T. 18-B, §2119)

18-B ME Rev Stat § 2107 (2019) (N/A)
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§2107. Limitations on trust director

(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)

(WHOLE SECTION TEXT EFFECTIVE 1/1/20 by T. 18-B, §2119)

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 section 2106, subsection 2, paragraph A regarding:   [PL 2019, c. 301, §8 (NEW).]

1.  Medicaid payback provision.  A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of Medicaid law in Section 1917 of the federal Social Security Act, 42 United States Code, Section 1396p(d)(4)(A); and

[PL 2019, c. 301, §8 (NEW).]

2.  Charitable interest.  A charitable interest in the trust, including notice regarding the interest to the Attorney General.

[PL 2019, c. 301, §8 (NEW).]

SECTION HISTORY

PL 2019, c. 301, §8 (NEW).

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18-B §2106. Powers of trust director (WHOLE SECTION TEXT EFFECTIVE by T. 18-B, §2119)
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18-B §2108. Duty and liability of trust director (WHOLE SECTION TEXT EFFECTIVE 1/1/20 by T. 18-B, §2119)