THE ALASKA LEGAL RESOURCE CENTER

Your online resource to all laws governing the state of Alaska.  We have all of the Alaska Statutes and the all of the Alaska admin code.

Go back to: Alaska statutes
Go back to: Title 47. Welfare, Social Services, and Institutions.
Go back to: Chapter 33. Assisted Living Homes.

Sec. 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.

Other Sections in this Chapter: