Fla. Stat. § 736.1407

Current through the 2024 Legislative Session

Section 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.

Fla. Stat. § 736.1407

s. 18, ch. 2021-183.

Added by 2021 Fla. Laws, ch. 183, s 18, eff. 7/1/2021.