- Alaska Statutes.
- Title 47. Welfare, Social Services and Institutions
- Chapter 33. Assisted Living Homes
- Section 40. Residents' Money.
previous: Section 30
. Advance Payments.
next: Section 50
. Temporary Absence.
AS 47.33.040. Residents' Money.
- (a) Except for advance payments under AS 47.33.030
, an assisted living home may not require a resident of the home to deposit with the home money that belongs to the
resident. The provisions of (b) of this section do not apply to money that constitutes an advance payment under AS 47.33.030
- (b) An assisted living home may accept, for safekeeping and management, money that belongs to a resident. The home shall
establish a written policy for the management of such money and shall act in a fiduciary capacity with respect to that
money, in accordance with regulations adopted by the licensing agency. A home is not required to accept money that
belongs to a resident.
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