                                 CODE OF VIRGINIA

LIMITATIONS ON TRUST DIRECTOR (§ 64.2-779.30)

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 § 64.2-779.29 regarding:

1. A payback provision in the terms of a trust necessary to comply with the
reimbursement requirements of Medicaid law in &#xA7; 1917 of the Social Security
Act, 42 U.S.C. &#xA7; 1396p(d)(4)(A), as amended; and

2. A charitable interest in the trust, including notice regarding the interest
to the Attorney General.

HISTORY: 2020, c. 768.