Section R. 400.2421 - Residents' funds; access; safekeepingRule 421.
(1) A resident shall have access to and use of personal funds belonging to him in reasonable amounts, including immediate access to at least 5.00 of his personal funds. Exceptions shall be subject to provisions of the assessment plan.(2) The maximum value of money and valuables a congregate facility shall accept for safekeeping shall not exceed the amount of 400.00 per resident.(3) Residents' funds shall be kept separate and apart from all funds and monies of the licensee and treated as a trust obligation of the licensee.Mich. Admin. Code R. 400.2421
1954 ACS 82, Eff. Feb. 1, 1975; 1979 AC