Mental Hygiene Law § 79.41 · Article 79. Proceedings Relative to Incompetent Veterans and Infant Wards of the United States Veterans' Administration
Funds to be kept separate
Text — Law content up to date as of June 26, 2026, as published by the New York State Senate (Open Legislation)
§ 79.41 Funds to be kept separate.
Every guardian shall keep the funds received by him in his capacity as guardian separate and distinct from his own personal funds and property. He shall not invest the same or deposit the same with any person, association or corporation doing business under the banking law, or other person or institution in his own name, but, except as provided in section 11-1.6 of the estates, powers and trusts law, all transactions had and done by him shall be in his name as such guardian. Any person violating any of the provisions of this section shall be guilty of a misdemeanor.
Source of truth
- Edition
- Law content up to date as of June 26, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/MHY79.41
- Text hash
- sha256 1f30cfc8db976cd2d70577c5d5b26585caca07cacaacbbc50f41c150a623721b
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.