Alaska Statutes 47.10.115 – Permanent fund dividend

(a) The department shall annually apply for a permanent fund dividend and retain in trust under Alaska Stat. § 43.23.015(e) for the benefit of the child the dividend and accrued interest on the dividend if the child is in the custody of the department when the application is due.

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Terms Used In Alaska Statutes 47.10.115

child: means a person who is
(A) under 18 years of age. See Alaska Statutes 47.10.990
court: means the superior court of the state. See Alaska Statutes 47.10.990
department: means the Department of Family and Community Services. See Alaska Statutes 47.10.990

(b) The department shall distribute the proceeds of a trust under this section

(1) to the child when the child

(A) has reached 21 years of age; or

(B) is no longer in the custody of the department and has reached at least 18 years of age or is emancipated; or

(2) when

ordered to do so by the court in the best interest of the child.

(c)[Repealed, Sec. 14 ch 7 4SSLA 2016.]

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