Maine Revised Statutes Title 18-B Sec. 2107 – Limitations on trust director
Current as of: 2023 | Check for updates
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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 § 1396p(d)(4)(A); and
[PL 2019, c. 301, §8 (NEW).]
Terms Used In Maine Revised Statutes Title 18-B Sec. 2107
- Trustee: A person or institution holding and administering property in trust.
- United States: includes territories and the District of Columbia. See Maine Revised Statutes Title 1 Sec. 72
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).