§ 115.418. What types of trust funds may a minor have?
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/us/cfr/t25/s§ 115.418·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A minor may have one or more of the following types of trust funds:
(a)Judgment per capita funds: Withdrawals may only be made upon BIA approval of an application made under Public Law 97-458. See 25 CFR 1.2.
(b)Tribal per capita funds: Withdrawals may only be made under a BIA approved distribution plan and in accordance with the terms of the tribe's per capita resolution/document.
(c)Other trust funds: Withdrawals may only be made under a minor's BIA-approved distribution plan that is based on a justified unmet need for the minor's health, education, or welfare.
(d)Funds from other federal agencies (e.g., SSA, SSI, VA) received for the benefit of the minor: Withdrawals must be made only under a BIA-approved distribution plan that must be consistent with the disbursing agency's (e.g., SSA, SSI, VA) allowable uses for the funds.
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- Pub. L. 97-458
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