KRS 386B.12-060: 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 KRS 386B.12-050(2)(a) regarding:

(1) A payback provision in the term s 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. sec. 1396p(d)(4)(A), as amended, and regulations issued thereunder,

as amended; and

(2) A charitable interest in the trust, including notice regarding the interest to the

Attorney General.