Legislation
SECTION 4661*2
Resident funds
Public Health (PBH) CHAPTER 45, ARTICLE 46-B, TITLE 4
* § 4661. Resident funds. An assisted living operator or employee of a
residence or any other entity which is a representative payee of a
resident of such residence pursuant to designation by the social
security administration or which otherwise assumes management
responsibility over the funds of a resident shall maintain such funds in
a fiduciary capacity to the resident. Any interest on money received and
held for the resident shall be the property of the individual resident.
* NB There are 2 § 4661's
residence or any other entity which is a representative payee of a
resident of such residence pursuant to designation by the social
security administration or which otherwise assumes management
responsibility over the funds of a resident shall maintain such funds in
a fiduciary capacity to the resident. Any interest on money received and
held for the resident shall be the property of the individual resident.
* NB There are 2 § 4661's