N.Y. Social Services Law 109 – Trust funds to be established
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§ 109. Trust funds to be established. A public welfare official shall deposit any funds received from the seizure of property or collection of penalties for the support of a living person. Such fund shall, as provided in section eighty-seven, be held and used upon such terms as the court shall direct for the benefit of such person. If the beneficiary of the fund is a minor, the court may require the public welfare official to give security and to report.
Terms Used In N.Y. Social Services Law 109
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC