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Alaska Statutes Title 47. Welfare, Social Services, and Institutions § 47.10.115. Permanent fund dividend

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The department shall annually apply for a permanent fund dividend and retain in trust under AS 43.23.015(e) for the benefit of the child the dividend and accrued interest on the dividend if the child is in the custody of the department when the application is due.

(b) The department shall distribute the proceeds of a trust under this section

(1) to the child when the child

(A) has reached 21 years of age; or

(B) is no longer in the custody of the department and has reached at least 18 years of age or is emancipated; or

(2) when ordered to do so by the court in the best interest of the child.

(c) Repealed by 4th Sp. Sess., 2016, ch. 7, § 14, eff. Oct. 24, 2016.

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Cite this article: FindLaw.com - Alaska Statutes Title 47. Welfare, Social Services, and Institutions § 47.10.115. Permanent fund dividend - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-47-welfare-social-services-and-institutions/ak-st-sect-47-10-115/

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