30-4307. (UDTA 7) Limitation on trust director.(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:(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.Source Laws 2019, LB536, § 7.
Nebraska Legal Code