Resident trust account definition
Resident trust account means the custodial bank account, held by the state, which represents the resources of the individual resi- dent which is held for the individual resident's use.
Examples of Resident trust account in a sentence
The Resident or Legal Representative is responsible for deposits to the Resident trust account.
That if any of the client share/NAMI amount is disputed, the disputed portion of the client share/NAMI will be paid directly to a responsible escrow agent, or into the Resident trust account, or the Court on or before the tenth (10th) of each month and that the portion of the client share/NAMI which is not in dispute will be paid to the Facility by such date.