Florida Statutes § 736.1407
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 s. 736.1406(3)(a), relating to additional power granted to a trust director in furtherance of an express power of direction, regarding:
- (1)A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of s. 1917 of the Social Security Act, 42 U.S.C. s. 1396p(d)(4)(A), as amended, and regulations issued thereunder, as amended.
- (2)A charitable interest in the trust, including notice regarding the interest to the Attorney General.
History
History.—s. 18, ch. 2021-183.