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Arkansas Code Title 28. Wills, Estates, and Fiduciary Relationships § 28-76-107. Limitations on trust director

Current as of March 28, 2024 | Updated by Findlaw Staff

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 § 28-76-106(b)(1) 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. Section 1396p(d)(4)(A), as amended; and

(2) a charitable interest in the trust, including notice regarding the interest to the Attorney General.

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Cite this article: FindLaw.com - Arkansas Code Title 28. Wills, Estates, and Fiduciary Relationships § 28-76-107. Limitations on trust director - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-28-wills-estates-and-fiduciary-relationships/ar-code-sect-28-76-107/

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