25 C.F.R. · Indians
25 C.F.R. § 115.417

What portion of funds in a minor's supervised account may be withdrawn under a distribution plan?

Title 25 C.F.R. ● ACTIVE Primary Source
Regulatory Text

25 C.F.R. § 115.417 — What portion of funds in a minor's supervised account may be withdrawn under a distribution plan?

§ 115.417 What portion of funds in a minor's supervised account may be withdrawn under a distribution plan? Trust money in a minor's supervised account will not be distributed without a review of other resources that may be available to meet the needs of the minor. Any trust funds of a minor that are distributed must be used for the direct benefit of the minor and in accordance with any additional limitations ( e.g., statutory, court order, tribal resolution, etc.) placed on the use of specific trust funds. Allowable uses may include health, education, or welfare when based upon a justified unmet need. The BIA will require receipts for expenditures of funds disbursed from a minor's account to a custodial parent, legal guardian, person who has been recognized by the BIA as having control and custody of the minor, or an emancipated minor.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR25-SEC-8B67E0
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REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
25 C.F.R. § 115.417
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CFR — Code of Federal Regulations
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PRIMARY-SOURCE
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The regulatory text of 25 C.F.R. § 115.417 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 25 25 C.F.R. § 115.417