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