N.Y. Comp. Codes R. & Regs. tit. 22 § 207.14

Current through Register Vol. 46, No. 50, December 11, 2024

Section 207.14 - Infants' funds

(a) No allowances will be made to a guardian or otherwise for the support or maintenance of an infant, unless an annual account for the preceding year has been filed or good cause is shown in the petition why it has not been filed. The petition must comply with CPLR 1211.

(b) Where an order is granted authorizing the periodic withdrawal of funds belonging to or held in trust for an infant, it shall specify the number and amounts of such withdrawals and the duration of time in which the funds may be used for the purposes stated.

(c) All guardians, persons acting jointly with a guardian, and depositories designated by the court shall produce for examination, whenever so requested by the court, all securities, evidences of deposit or investment or other records, and shall also furnish an accurate record of receipts and deposits of principal and income and of withdrawals and expenditures.

N.Y. Comp. Codes R. & Regs. Tit. 22 § 207.14