2024 Florida Statutes
< Back to Statute SearchTitle XLII ESTATES AND TRUSTS
Chapter 736
FLORIDA TRUST CODE
SECTION 1407Limitations on trust director.
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.—s. 18, ch. 2021-183.