Code of Federal Regulations · Section

§ 115.415 — How Will An Authorized Disbursement From A Minor's Supervised Account Be Sent?

25 C.F.R. § 115.415

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OTFM will make an authorized disbursement based on the approved distribution plan from a minor's supervised account by:

(a) Making a direct deposit to a specified account at a financial institution (a direct deposit into the specified account will eliminate lost, stolen or damaged checks and will also eliminate delays associated with mailing the check);

(b) Mailing a check to the address of record or to a specified disbursement address; or

25 C.F.R. § 115.414 25 C.F.R. § 115.416

Authorizing Statute

Definitions
25 U.S.C. § 4001
Regulations by President
25 U.S.C. § 9
Departmental regulations
5 U.S.C. § 301
Records management by agency heads; general duties
44 U.S.C. § 3101
Deposit of tribal funds in banks; bond or collateral security; investments; collections from irrigation projects; affirmative action required
25 U.S.C. § 162a
Duties of Commissioner
25 U.S.C. § 2
Duties of Secretary
43 U.S.C. § 1457
Restoration to tribal ownership of unclaimed per capita and other individual payments of tribal trust funds; deposit in general fund of the Treasury
25 U.S.C. § 164
Deposit in Treasury of trust funds
25 U.S.C. § 161