(a) Each assisted living residence subject to the provisions of this article shall
hold in a separate account and in trust each resident's personal funds deposited with
the assisted living residence.
(b) No person may use or cause to be used for any purpose the personal funds of any
resident admitted to any assisted living residence unless consent for the use thereof
has been obtained from the resident or from a committee or guardian or relative.
(c) Each assisted living residence shall maintain a true and complete record of all
receipts for any disbursements from the personal funds account of each resident in
the assisted living residence, including the purpose and payee of each disbursement,
and shall render a true account of the record to the resident or his or her representative
upon demand and upon termination of the resident's stay in the assisted living residence.
(d) Any person or corporation who violates any provision of this section is guilty
of a misdemeanor and, upon conviction thereof, shall be fined not more than one thousand
dollars or imprisoned in jail not more than one year, or both fined and imprisoned.
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