N.Y. Indian Law 13-A – Payments for Indians
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§ 13-a. Payments for Indians. Whenever it shall appear that any person whose name shall be certified for payment of an annuity or other fund by the state is incapable of receiving it because of incompetency or infancy said payment shall be made to the attorney or agent of the tribe of which said incompetent or infant is a member, as trustee, who shall disburse it for the benefit of said incompetent or infant in such manner as will best promote his or her general welfare, except when such payment is certified to be made to a member of the Cayuga tribe incapable of receiving it in which event said payment shall be made to the state department of social welfare for the purposes hereinbefore described.
Terms Used In N.Y. Indian Law 13-A
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Trustee: A person or institution holding and administering property in trust.