(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:

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Terms Used In Nebraska Statutes 30-4307

  • Attorney: shall mean attorney at law. See Nebraska Statutes 49-801
  • Trustee: A person or institution holding and administering property in trust.

(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.