Qualified diversified trust
Qualified diversified trust means a trust in which the interested party has a beneficial interest and which:
(1) Is certified pursuant to § 2634.407 by the Director;
(2) Has a portfolio as specified in § 2634.406(b);
(3) Follows the model trust document prepared by the Office of Government Ethics; and
(4) Has an independent trustee as defined in § 2634.405.