In the exercise or nonexercise of powers affecting the following, a trust director is subject to the same rules as a trustee that holds the same power regarding: (1) A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of Medicaid law in 42 U.S.C. § 1396p(d)(4)(A) (relating to liens, adjustments and recoveries, and transfers of assets), as amended, and regulations issued thereunder, as amended. (2) A charitable interest in a trust, including notice regarding the interest to the Office of Attorney General. Cross References. Section 7780.18 is referred to in section 7780.15 of this title.
Pennsylvania Legal Code