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Current as of January 02, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Code of Federal Regulations Title 25. Indians § 25.115.418 What types of trust funds may a minor have? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-25-indians/cfr-sect-25-115-418/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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